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Unlock overdraft protection up to $2001
Overdraft protection covers purchase transactions that exceed your available balance.
Most banks average $34 per overdraft. On average, Green Dot's overdraft fee is half of what other banks charge.2 In fact, the majority of Green Dot customers don't pay a fee as they repay overdraft within 24 hours!3
Only payroll and government direct deposits allow for overdraft eligibility. ATM withdrawals, bill payments made within the app and sending money to others are not covered by overdraft protection. Overdrafts paid at our discretion.
Set up and receive eligible direct deposits, then opt in for overdraft protection, and we’ll automatically provide coverage for purchase transactions based on your deposits.
1. Activated, chip-enabled debit card, eligible direct deposit and opt-in required. $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid the fee. We require immediate payment of each overdraft and overdraft fee. Overdrafts paid at our discretion, and we do not guarantee that we will authorize and pay any transaction. Overdraft protection is only available on Demand Deposit Accounts. Log into your account and refer to your Account Agreement to check feature availability.
2. Based on June 2021 assessment of overdraft fees by institution:
https://www.nerdwallet.com/article/banking/overdraft-fees-what-banks-charge
3. Based on Green Dot data as of June 2021.
Your coverage is automatically adjusted based on your eligible direct deposits.
Receive a single direct deposit of any amount in your account.
$10.00 Coverage
No fee.
When you receive at least 2 direct deposits totaling $200+ in a 35 day period.
$100.00 Coverage
$15 fee will apply for each purchase transaction not repaid within 24 hours of authorization of the first transaction that overdraws your account.
When you receive at least 2 direct deposits totaling $400+ in a 35 day period.
$200.00 Coverage
$15 fee will apply for each purchase transaction not repaid within 24 hours of authorization of the first transaction that overdraws your account.
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Each transaction that is greater than $5 and overdraws your account by more than $10, up to a maximum of five overdraft fees per monthly statement period, is eligible for fees.
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Depending on your overdraft protection coverage, a $15 fee per overdraft may be charged. No overdraft fee will be assessed in connection with any overdraft transaction if your account is returned to a $0 or positive balance within 24 hours of authorization of the first transaction greater than $5 that overdraws your account by more than $10.
Payment of a transaction that overdrafts your account is solely at our discretion. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.
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Yes. There are no fees for overdraft protection with Basic coverage. There are no fees for transactions of $5 or less and no fee for transactions that overdraft your account balance up to $10 with Premium 100 and Premium 200 coverage.
No overdraft fee will be assessed in connection with any overdraft transaction if your account is returned to a $0 or positive balance within 24 hours of authorization of the first transaction greater than $5 that overdraws your account by more than $10.
Payment of a transaction that overdrafts your account is solely at our discretion. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.
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There are 3 different levels of overdraft protection coverage, based on how much you direct deposit.
BASIC
Benefit: You’re covered if you overspend your account balance by $10 without fees
Eligibility: At least one direct deposit in any amount
Fees*: $0PREMIUM 100
Benefit: You’re covered if you overspend your account balance by $100
Eligibility: At least two direct deposits in previous 35 days totaling $200 or more
Fees*: $15 fee per overdraft may apply if account balance is not brought to at least $0 within 24 hoursPREMIUM 200
Benefit: You’re covered if you overspend your account balance by $200
Eligibility: At least two direct deposits in previous 35 days totaling $400 or more
Fees*: $15 fee per overdraft may apply if account balance is not brought to at least $0 within 24 hoursLearn more about overdraft protection
* Payment of a transaction that overdrafts your account is solely at our discretion. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.