Overdraft protection using your own funds.
One-Way Sweeps cover your transactions even when there are insufficient funds in your checking account to help you avoid overdraft fees–and a potentially embarrassing situation.
What is a One-Way Sweep?One-Way Sweeps transfer, or "sweep," money from one account into another to cover transactions for which there are insufficient funds. One-Way Sweeps are set up two ways: insufficient funds transfer or maintenance funds transfer.
How does One-Way Sweep work?Insufficient Funds Transfer: When your account is going to fall below zero, funds are swept from another account into the original account to cover the presented item.
Maintenance Funds Transfer: Keeps one account at a certain balance (determined by you) by sweeping funds from another account into the original account.
How much does One-Way Sweeps cost compared to other overdraft services?One-Way Sweeps are a less-expensive alternative to Bounce Protection; however, you must have positive funds in another account that can be swept.
|Credit Reserve||One-Way Sweeps||Bounce Protection|
|Fee per transfer or advance||N/A||$5||$25*|
|Application and credit approval required||Yes||No||No|
|Annual Percentage Rate (APR)||15.00%†||N/A||N/A|
|APR for cash advances||N/A||N/A||N/A|
|Automatically enrolled?||No||No||Yes ‡|
|Can I opt out?||N/A||N/A||Yes|
How do I get a One-Way Sweep?Visit one of our locations
*The fee may be imposed for overdrafts created by check, in-person withdrawal, fees, or electronic transactions other than ATM or one-time point-of-sale transactions. It may also be imposed for overdrafts created by ATM or one-time point-of-sale transactions if you have opted in to that service. You must bring your account to a positive balance, including the payment of Bank fees charged to your account, at least once every 30 days. We will not pay an overdraft if:
- Your account is not in good standing (defined as making regular deposits and bringing your account to a positive balance, including payment of all Bank fees charged to your account, at least once every 30 days)
- There are legal orders, liens, or levies outstanding
- Your overdrawn balance would exceed the predetermined amount assigned to your account type
†The information about the costs of the services described on this page is accurate as of 09/06/2017. This information may have changed after that date. To find out what may have changed, call us at (800) 815-BANK (2265).
‡ Only for those 18 years or older.