Overdraft Coverage

What is an overdraft?

An overdraft occurs when you do not have enough money in your account to cover a payment that you have authorized.

What options do I have to cover overdrafts?

UniBank offers multiple options to cover overdrafts on your account:

  • Automatic Transfer Protection allows you to utilize the available balance in your savings, money market or another checking account to cover the negative balance. Transfer fees may apply.
  • Overdraft Line of Protection allows you to utilize a personal line of credit to protect you from going into a negative balance. Additional fees may apply.
  • Extended Overdraft Coverage means that we pay for a transaction you make, even if there isn't enough money in your account at the time. We pay overdrafts at our discretion and we do not guarantee that we'll always pay an overdraft. For example, we typically do not pay overdrafts if your account is not in good standing, or you aren't making regular deposits, or you have excessive overdrafts. We require any accounts with unpaid overdrafts to be paid within 45 days. This coverage automatically covers check, ACH and recurring debit card transactions. It does not cover one time ATM and debit card transactions unless you tell us to do so, which is called Opt-In. An Extended Overdraft Fee of up to $33 will apply to each overdraft paid through this service.

    • What happens if I do not participate or do not “Opt-in” to UniBank’s Extended Overdraft service for one-time debit and ATM transactions?

One-time debit and ATM transactions will be declined if you do not have sufficient funds in your account, and you will not be able to complete your debit card transaction or ATM withdrawal. You will not be able to opt-in at the moment of purchase.

To Opt-in to UniBank’s Extended Overdraft Program click here.

You can also opt in or opt out of this coverage by phone at 800.578.4270, request and complete a form at any branch, or print and fill out the form below and return it by mail.

Click here for this form in .PDF format

Mail completed form to:
Attention: Operations
49 Church Street
Whitinsville, MA 01588

For more details or to speak with a representative with regard to our other overdraft protection options, contact UniBank’s Customer Contact Center at: 800-578-4270  or email the Customer Contact Center to speak with a UniBank representative.