An overdraft fee is a fee that a bank or credit union charges you when a purchase or other transaction exceeds the available balance in your spending account. Overdraft fees can be charged on in-store purchases, online shopping, bill payments, and cash withdrawals. Learn more about overdraft fees on our blog.

The Optional Overdraft Service¹ is Porte’s overdraft service feature. Once you enroll and meet the eligibility requirements, you will be charged $20.00 for each one-time debit card transaction that overdraws your account by more than $10.00, up to a maximum of five (5) fees per calendar month. To avoid the overdraft fees, you have twenty-four (24) hours from the time of the first transaction that creates the overdraft to bring your negative account balance back to a zero ($0.00) or a positive balance.

Overdraft Choice² is the feature that allows you to turn the optional Overdraft Service on and off. When Overdraft Choice is turned ON, the Optional Overdraft Service is enabled, and transactions greater than your available balance may go through, subject to terms. When Overdraft Choice is turned OFF, your purchases will be declined if there are insufficient funds in your account to cover the purchase.

You must be enrolled and eligible for the Overdraft Service to use Overdraft Choice within the Porte mobile banking app. 

Porte is a mobile finance app, not a bank. Banking services provided by Pathward, National Association, Member FDIC.

You may enroll in the Overdraft Service under Account Info in the user profile. You must receive Direct Deposits totaling at least $400.00 to your Account within thirty-five (35) days of your enrollment in the Service (Direct Deposits received prior to enrollment count towards this total). You MUST have a positive Available Balance in your Account at the time we activate the Service on your Account. Once you have met all eligibility requirements, your participation in the Service will be activated within twenty-four (24) hours. Once the Service is activated on your Account, you MUST continue to receive Direct Deposits totaling at least $200.00 to your Account every thirty (30) days or we will deactivate your participation in the Service.

There is no fee to enroll in the optional Overdraft Service. However, you may incur fees when you use the service. Once you overdraft, if you bring your account back to a positive balance within 24 hours, no fee is charged. After 24 hours, you will be charged a $20 fee per transaction that overdrafts your account by more than $10.

You have 24 hours from the time your transaction posts to your account to pay back an overdraft transaction that settles and creates a negative balance greater than $10 before a fee is assessed. Let’s say that you overdraft your account by more than $10 at 2:00 p.m. on Thursday, then you have until 2:00 p.m. on Friday to add the funds into your account to avoid a fee.

Here are some options to bring your account back to zero or more to avoid paying an overdraft fee:

1) transfer money from your Savings Account to your Spending Account.

2) add cash in-person at an ACE Cash Express location for no fee when you meet Direct Deposit requirements,⁵

3) add cash at a Netspend network location,⁶

4) receive funds through Direct Deposit,

5) use Mobile Check Capture to add funds to your account,⁷

6) transfer money from a debit card,⁸ or

7) transfer money from another bank account.⁹