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Overdraft Privilege


Overdraft privilege is a discretionary service to assist you with accidental overdrafts that occur on your checking account. Overdraft privileges of up to $800 can be extended to all checking accounts provided the account is kept in good standing.

We understand the embarrassment you experience when your debit card is declined and the frustration of fees charged by retailers for returned checks. Ensure that your checking accounts have overdraft privilege and sign up today!

What You Need to Know About Overdrafts

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  • We have standard overdraft practices that come with your account.
  • We also offer overdraft protection linked to another account of yours with us, such as a savings account, which may be less expensive than our standard practices.

To learn more about these overdraft protection plans, please speak with a friendly PCSB bank employee.

What are the standard overdraft practices that come with my account?

We DO authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We DO NOT authorize and pay overdrafts for the following types of transactions unless you ask us to:

  • ATM transactions
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined. If declined, you may be required by the merchant/payee to provide an alternative form of payment at the time of transaction.

What fees will I be charged if PCSB Bank pays my overdraft?

Under our standard overdraft practices, we will charge you a fee up to $29 each time we pay an overdraft.

Other Overdraft Protection Options

Automatic Transfer from Savings

An automatic transfer from savings helps you maintain a specific checking account balance that you set. Should your checking account balance fall below your set minimum, an automatic transfer from your savings will be made to the nearest $100 to get you back to your desired checking account balance. You will need to keep sufficient funds in your savings account in order to cover the amount required for automatic transfers.

Please contact us if you are interested in setting up automatic transfers from savings.

PCSB Bank Prepaid Debit Card

PCSB Bank's Prepaid Debit Cards are a great alternative for those that want the convenience of a debit card without the responsibilities of maintaining a traditional checking account at the bank. When the funds on your PCSB Bank Prepaid Debit Card are exhausted, you will not have the ability to overdraw the account and will avoid overdraft fees. Contact us to learn if this option is a good fit for you. 

Real banking power ... at your convenience!