An overdraft (OD) occurs when you do not have sufficient funds in your account to cover a transaction that
you authorized, but we allow the transaction to process. This brings your account into a negative balance.
For example, your transactions that are pending in your account with an effective date of today will all
process at the close of business today. Your account’s current balance, otherwise known as ledger balance,
at the close of the business day is the balance we use to determine if your account is overdrawn or not. The
current balance does not reflect any transactions that are still pending (such as checks that have not cleared
yet or electronic transactions that have been authorized but have an effective date in the future).

Click below on the What You Need to Know About Overdrafts Disclosure button for more information.