Making sense of overdrafts

/ Checking Accounts and Debit Cards, Uncategorized


An overdraft occurs when you don’t have enough money in your checking account to cover a transaction, but we pay it anyway.


We offer Overdraft Transfer Plans, such as a link to your savings or line of credit, which may be less expensive than our standard overdraft practices.

If an Overdraft Transfer Plan does not work for your situation, and/or even if it does, you choose whether or not you want Prospera to authorize and pay your overdrafts for one-time debit transactions; also known as Opt-In.


You’re at the grocery store or gas station attempting a one-time debit transaction to pay for your items. However, there is not enough money in your account to cover the amount of the purchase. In this situation, the benefit of choosing to Opt-In is that Prospera will try to approve your transaction at the point of sale.


If you Opt-Out, you’re indicating that your preference is for Prospera to always decline your one-time debit transactions at the point of sale if you do not have enough money in your account to cover the transaction.

If you Opt-In, you’re giving Prospera permission to overdraft your account in order to authorize and pay one-time debit transactions and charge the fee for this coverage.

The choice is yours!  If we can help you make a more educated decision about the use of our Overdraft programs, please contact us via phone or email anytime!

To view or change your current Opt-In/Out selection, visit us in person at any branch location or log into your account, hover over “My Accounts” under “Setup” and click “Overdraft Services.”


One-time debit transaction – non-recurring debit card transaction.

Point of Sale – the place at which goods are retailed; the place where sales are made.

Credit vs Debit – click here to read this short and helpful blog post.

Overdraft and Overdraft Fee Information – Click here.