Overdraft Options and Fees

Overdraft questions?

Our goal is to make it as easy as possible for you to understand your overdraft options for personal checking accounts. As a BB&T client, you have the options of Overdraft Protection and Overdraft Review.

Overdraft Protection and Overdraft Review

BB&T provides two overdraft options for our retail account clients—Overdraft Protection and Overdraft Review. As a BB&T client, you have the option to participate in either or both. Overdraft Protection helps you avoid overdrafts by linking your account to your savings account, credit card, constant credit, or home equity line, and transferring funds when necessary to cover your transaction. Overdraft Review allows you to make a decision on how transactions should be handled on your account when sufficient funds are not available and requires you to opt in or opt out based on which kinds of transactions, if any, you want BB&T to consider authorizing and paying on your behalf.

Today, we're going to focus on the Overdraft Review process, how it works, and the types of fees you can expect should you need to use it. When you open your personal checking or savings account at BB&T, you can decide if you would like to participate in the Overdraft Review process by opting in or opting out.

Banks are required by federal law to group your transactions into two categories—one, ATM withdrawals, one time or everyday debit card transactions, and two, checks, ACH, recurring debits, and all other types of transfers and withdrawals. You may choose to opt in or opt out of either category.

If you don't make a decision at the time your account is opened, it will automatically default to opt out of ATM and everyday debit card transactions and opt in to checks, ACH, recurring debits, and all other types of transfers and withdrawals. But you can change your decision at any time. Whatever you decide to do, your decision will be effective the next business day.

Here's what happens if you opt in to the Overdraft Review process. For ATM and everyday debit card transactions, if you have insufficient funds to cover a purchase or withdrawal from an ATM, BB&T will consider authorizing that transaction and charging you an overdraft fee. For checks, ACH, recurring debits, and all other transfers and withdrawals, if an item, such as a check, is presented for payment and there are insufficient funds to cover the item, BB&T will consider paying the item and charging you an overdraft fee. If the item is returned, you'll be charged a returned item fee.

If you don't have Overdraft Protection, or the available balance on your Overdraft Protection is insufficient, the fees can quickly add up. We'll talk more about fees in a bit.

On the other hand, if you've opted out of the Overdraft Review process for ATM and everyday debit card transactions, if you have insufficient funds, BB&T will decline the transaction. And you will not be charged a fee. For checks, ACH, recurring debits, and all other transfers and withdrawals, if you have insufficient funds, BB&T will return the item. And you'll be charged a returned item fee.

One important thing to understand is that even if you've opted out of the Overdraft Review process, in the event you have recurring debit card payments that are authorized at a time when you had enough money in your account, but they post to your account at a later date when you no longer have sufficient funds in your account, these items may overdraw your account and will be subject to overdraft fees. So let's see how this plays out in real life.

Say you're at the grocery store picking up things to cook dinner. But you don't realize that your current available balance is not sufficient to cover what's in your cart. When you go to swipe your debit card, if you've opted out of the Overdraft Review process, your purchase will be declined. And you won't be charged a fee for this declined purchase. If you've opted in to Overdraft Review, BB&T will consider authorizing and paying for the groceries on your behalf. However, today's grocery store purchase will cost more than usual if the transaction is approved, because overdraft fees will apply.

To review, if you opt in to BB&T's Overdraft Review process, BB&T will charge an overdraft or returned item fee each time an overdraft is approved and paid on your behalf, or if an item is returned. For retail accounts, we will not charge you an overdraft fee if your account balance is overdrawn by less than $5 at the end of processing. BB&T limits the number of combined overdraft and returned item fees to a maximum of six per day for retail accounts.

Whether you decide to opt in or opt out of Overdraft Review, it's a good idea to be hands on with managing your money. Overdraft Review is there to provide assistance if needed. But the best policy is to track all of your transactions and manage your bank account so you can avoid overdrawing.

You may also want to take advantage of the useful tools that come with your BB&T bank account, like online banking. U by BB&T online banking lets you transfer money on the go, set up alerts when your balance goes below your custom threshold, see real-time account balances, and provides personalized budgeting tools and much more.

If you still have questions, stop by your local BB&T branch and talk to one of our financial specialists. We'll be happy to assist you.

Overdraft Protection

BB&T offers Overdraft Protection by allowing you to link your BB&T personal checking account to another BB&T account in case you have insufficient funds for a transaction. Move this money yourself for free, or BB&T can automatically move the money for you, subject to an Overdraft Protection transfer fee. Overdraft Protection is only applied to overdraft charges that take place after the account is linked. Linking Overdraft Protection may be less expensive than our Overdraft Review process.

You can link the following accounts to your personal checking account for Overdraft Protection:

Personal account options:

  • Regular Savings
  • BB&T eSavings
  • Money Rate Savings
  • Investor's Deposit Account
  • Constant Credit
  • BB&T Spectrum Rewards Credit Card
  • BB&T Home Equity Line of Credit ,
  • Preferred Line of Credit

Overdraft Review

With your personal checking or savings account at BB&T, you can decide if you'd like to participate in the Overdraft Review process by opting in or opting out.

Overdraft Review allows you to make a decision on how transactions should be handled on your account when sufficient funds aren't available. You'll opt in or opt out of the kinds of transactions, if any, that you want BB&T to consider authorizing and paying on your behalf.

Questions about Overdraft Review?

How does Overdraft Review work?

Banks are required by federal law to group your transactions into two categories: 1) ATM withdrawals, one-time or everyday debit card transactions; and 2) checks, ACH, recurring debits and all other types of transfers and withdrawals. You can choose to opt in or opt out of either category.

Your decision to opt in or opt out of Overdraft Review will be effective the next business day for all transactions initiated after the effective date. Participation in an Overdraft Review doesn't guarantee that BB&T will always authorize and pay your transactions and items. BB&T still retains the discretion to decline payment of terms or transactions that will overdraw your account.

What's the impact of opting in or out of Overdraft Review?

Overdraft Review ATM withdrawals and one-time debit card items Checks, ACH, transfers and recurring debits
Opt in We will review the transaction and consider paying it. If we pay it on your behalf, it will be subject to an overdraft fee. We will review the payment and consider paying it. If we pay it on your behalf, it will be subject to an overdraft fee.
Opt out Transactions will be declined and you will not incur any overdraft/returned item fees. We will return/decline the item, and you will be charged a returned item fee.

How do I opt in or opt out of Overdraft Review?

You can always change your decision to opt in or opt out of Overdraft Review. All you have to do is one of the following:

Your decision will be effective the next business day for all transactions initiated after the effective date.

Overdraft fee transparency

With U by BB&T, you can get a clear explanation of an overdraft fee you've incurred. Don't have U by BB&T? Enroll now.

Fees from your bank can be confusing. Ever had an overdraft fee and not sure how it happened? At BB&T, our goal is to make it as easy as possible for you to know exactly what you're paying for and why. BB&T gives you a clear and immediate explanation. If you're assessed an overdraft fee, you can review the details in online banking with U by BB&T from any device.

For example, from the web, simply log in to U, go to Accounts, and select the account that incurred the fee. Under transactions, select the overdraft item. Then tap "How did I incur this fee?" There you can view a detailed letter that fully explains how the charges occurred, including the items pending against your daily posted balance, and items that came in for payment, and were posted to your account—either of which could have resulted in a negative balance. You'll also see the exact number and types of fees that were charged against your account along with your resulting daily posted balance.

But wouldn't you like to avoid overdraft fees altogether? We offer ways to help you with that as well. Overdraft Protection is one of the best ways to avoid fees for overdrafts. You can add Overdraft Protection or enable Overdraft Review within Customer Service in U. You can also add alerts to help avoid fees. You can get texts or emails when your balance is low or negative.

If you need more information about fees, visit our At a Glance page on BBT.com. You can learn about fees specific to your accounts and get answers to your frequently asked questions. So let's be clear—we want to make sure you aren't confused or burdened by bank fees. That's fee transparency with BB&T.

Overdraft-related fees

An overdraft occurs when you do not have enough money in your personal checking account to cover a transaction, but BB&T pays it as a courtesy.

Fees for overdraft vary by state and are unique to your account. Please refer to your state-specific pricing guide for your account type. You can find details for all account types at our pricing and fees at a glance page.

Questions about overdraft fees?

What does BB&T offer to help me monitor my accounts?

We provide a number of convenient ways to help you monitor your accounts, including:

U by BB&T

  • Monitor your account balances
  • Transfer funds between accounts
  • View your transaction history

BBT.com

  • Access your accounts, make transfers and pay bills

24/7 alerts

  • Get text message or email notifications for your account balance and transactions, including low balance alerts
  • Choose the type and frequency of the notifications that you receive 

Who is responsible when my account is overdrawn?

It's your responsibility to know when your account is overdrawn. You'll need to bring your account back into good standing immediately by depositing sufficient funds into your account to cover the overdraft and any related fees.

For 24/7 account access and balance information, we recommend that you enroll in U by BB&T, our online and mobile banking service.

These services allow you to enroll in alerts sent by email or text message. Then you'll receive notifications when overdrafts occur, when your balance reaches limits that you've set, and other important account activity. This is a great way to keep you up to date with your accounts.

What fees will I be charged if BB&T pays my overdraft?

Under the BB&T Overdraft Review process for personal checking clients:

  • BB&T will charge you an overdraft fee each time we pay an overdraft on your behalf.
  • BB&T limits the total number of combined overdraft and returned item fees per day.
  • BB&T will not charge you an overdraft fee if your account balance is negative by less than $5 at the end of processing.
  • BB&T will charge you a negative account balance fee for consecutive days. The fee applies if your account remains negative for seven consecutive calendar days. 

Please refer to the terms and conditions of your account as fees may vary in your state.

What fees will I be charged if BB&T declines or returns my transaction?

Under the BB&T Overdraft Review process for personal checking clients:

  • If  you've opted out for ATM and everyday debit card transactions, you won't be charged a fee for declined everyday debit card transactions or declined ATM withdrawals.
  • BB&T will charge you a returned item fee each time we return a check, ACH, or other transaction.
  • BB&T limits the total number of combined overdraft and returned item fees per day.

Please refer to the terms and conditions of your account as fees may vary in your state.

Still have questions? Contact us.

In person

Locate a branch.

  • 1

    Regular Savings and Money Rate Savings are not available online. Visit a BB&T branch for more information or to open this type of account.

  • 2

    Six preauthorized, automatic or telephonic (including online banking and BB&T Phone 24) transfers or withdrawals per statement cycle. A $15 fee per transfer or withdrawal is charged for excessive activity. Please see our Bank Services Agreement for details.

  • 3

    Loans, lines of credit and credit cards are subject to credit approval.

  • 4

    Home equity lines of credit not available for overdraft protection in the state of Texas.

  • 5

    If your account is overdrawn by less than $5, and we pay the item on your behalf, you will not be charged overdraft fees. Returned item fees are not included in the $5 fee limitation.

Branch Banking and Trust Company, Member FDIC.