Overdraft fees. Under control.

Introducing Santander Safety Net — our updated, more flexible Overdraft Policy that waives overdraft fees for accounts overdrawn $100 or less.*

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Man looking at laptop and packaging boxes

Extra leeway that goes a long way

Overdrafts can happen to the most diligent clients. That's why our new policy is designed to afford you more flexibility when you overdraft your account. Now you're less likely to incur a fee when you go a bit over your balance. We've also limited the number of overdraft fees you can be assessed in a single day and eliminated the fees associated with overdraft protection transfers. In short, it's a policy that keeps your real-world needs in mind and helps you focus on what's important.

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Young woman in the back of a moving truck filled with boxes carrying a plant out

Fewer fees for peace of mind

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Increased Overdraft Threshold

We've increased your overdraft threshold from $5 to $100, which means if a transaction causes your account's balance to be overdrawn by $100 or less, we will not charge an overdraft fee for that transaction.* We call it the Santander Safety  Net. You'll call it a welcome change.
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Daily Overdraft Fee Cap

We’ve reduced the number of daily Returned Item Fees and Paid Item Fees from six (6) to three (3) each, meaning you won’t be charged a Returned Item Fee more than three (3) times per Business Day or a Paid Item Fee more than three (3) times per Business Day.
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No Overdraft Protection Transfer Fee

We don't charge an Overdraft Protection Transfer Fee, meaning you won't be charged when we transfer† funds to your overdrawn checking account from your linked deposit account.

Overdraft fee details

For an overview of overdrafts, please click here for more information.

For complete details on overdrafts and any applicable fees, please refer to the appropriate Fee Schedules:

*Effective November 8, 2021, if a transaction causes your account’s balance to be overdrawn by one hundred dollars ($100) or less, we will not assess any Insufficient or Unavailable Funds – Item Paid fees for that item. The amount of each of the Insufficient Funds - Item Paid Fee, Insufficient or Unavailable Funds - Item Returned Fee, and Sustained Overdraft Fee is $35. The amount of the Unavailable Funds - Item Paid Fee is $0. An Insufficient or Unavailable Funds - Item Returned Fee may apply for any overdrawn amount. A Sustained Overdraft Fee applies to accounts overdrawn by any amount (negative balance) for five (5) consecutive Business Days when the overdrawn balance at the end of the first day is more than $100, and is assessed to the account on the sixth (6th) Business Day. Fees may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. Whether overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is overdrawn for an extended period of time or the overdrawn amount is excessive. Any overdrafts that we pay must be promptly repaid by you.

We limit withdrawals and transfers out of your savings and money market savings accounts. You can withdraw or transfer funds from a savings or money market savings account a total of six (6) times per Service Fee Period (such as by automatic or pre-authorized transfers using telephone, online banking, mobile banking, overdraft protection, payments to third parties, wire transfers, checks, and drafts). If you repeatedly exceed these limits, we may close or convert your account to a checking account, which may be a non-interest-bearing checking account.

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