No Stupid Fees means we won't punish you when life gets in the way. That’s why we’ve eliminated non-sufficient funds (NSF) fees. Plus, we offer overdraft options that put you in control of managing your money to avoid unnecessary charges.
If you don’t already have a Truliant free checking1 account, open yours today and enjoy no minimum balance, no maintenance fees and Early Pay, where you get access to your direct deposit up to two days early.
What is an Overdraft?
An overdraft occurs when a payment or withdrawal from your checking account exceeds your available balance. This could happen when you're taking out cash at an ATM, making a debit purchase at a store, writing a check, making a bank transfer or paying a bill by pre-authorized payment, such as when using Bill Pay.
Truliant offers four overdraft options so that you can choose what works best for you:
Overdraft options that give you flexibility.
Balance Backup
Balance Backup is our standard overdraft protection that comes included with most checking accounts.2
What Types of Overdrafts Does Balance Backup Cover?
With Balance Backup, we will strive to cover overdrafts from:3
- Checks you write that are over your available balance
- Recurring transactions, like automatic bill pay and subscription services like Netflix or gym memberships
- Other transactions made using your checking account or debit card number
- This does not include when the card is swiped, inserted or tapped when making purchases.
You can extend your overdraft protection to other transaction types, including debit card transactions and ATM withdrawals, by signing up for Balance Backup+.
How Much Does It Cost to Sign Up for Balance Backup?
Balance Backup overdraft protection does not cost anything to have on your account.
If you were to overdraft, we will charge a $28 service charge each time we cover a transaction and your account does not have the available funds. There is no limit on the number of service charges for overdrafting your account.
How Do I Sign Up for Balance Backup?
Most new checking accounts come with Balance Backup automatically, so there is nothing you need to do to have this service on your account.
Balance Backup+
Balance Backup+ is our extended overdraft protection available for most checking accounts.2
What Types of Overdrafts Does Balance Backup+ Cover?
With Balance Backup+, we will strive to cover overdrafts from:3
- Everyday ATM and debit card transactions
- Cash withdrawals
- Retail purchases such as for fuel or groceries
This coverage is an extension of our basic overdraft service, Balance Backup.
How Much Does It Cost to Sign Up for Balance Backup+?
Balance Backup+ extended overdraft protection does not cost anything to have on your account.
If you were to overdraft, we will charge a $28 service charge each time we cover a transaction and your account does not have the available funds. There is no limit on the number of service charges for overdrafting your account.
How Do I Sign Up for Balance Backup+?
You must opt into Balance Backup+ in order to receive these benefits. To get started, please use our Balance Backup+ Opt-In website.
Overdraft Transfer Service
Overdraft Transfer Service is Truliant's most economical overdraft protection. This service allows you to link your checking account with another Truliant account, like your savings account or line of credit.
When you overdraft your checking account, Overdraft Transfer Service will automatically move money to your checking from that linked account or line of credit. You may also link multiple accounts to your checking account for instances when your first linked account does not have enough funds to cover the transaction.
When you become a member, we will link your Membership Savings to your Truliant checking account to protect you from declined transactions in the event you do not have funds in your checking account for a transaction.
What Types of Overdrafts Does Overdraft Transfer Service Cover?
With Overdraft Transfer Service, we will automatically move funds to cover any transaction type that causes your checking account to overdraft.
How Much Does It Cost to Sign Up for Overdraft Transfer Service?
Overdraft Transfer Service overdraft protection does not cost anything to have on your account.
If you were to overdraft, we will charge a $3 service charge each time we transfer funds from your linked account to your checking account to cover transactions, up to once a day. To avoid this service charge, you can transfer funds yourself by logging into digital banking and using the 'Move Money' feature prior to 4:00 p.m ET.
How Do I Sign Up for Overdraft Transfer Service?
To sign up, you must give us a call at 800.822.0382 or stop by a branch to select your linked account(s). Once you have your accounts linked with funds available, Overdraft Transfer Service will be activated on your account.
Declining All Overdraft Protection
You can choose to not have any overdraft protection at any time. This means that when you do not have funds in your account to cover a transaction, we will decline your transaction. While this does remove any service charges you may incur, and we don't charge Non-Sufficient Funds (NSF) fees, you may experience service interruptions, merchant fees and account suspensions.
To choose no overdraft protection, you must give us a call at 800.822.0382, or stop by a local branch and opt out of Balance Backup, our standard overdraft protection.
Customizing Overdraft Protection
If you choose full coverage with all three services and overdraft your account, Overdraft Transfer Service would activate first. If there are not enough funds in the linked account, we would strive to cover the overdraft with Balance Backup or Balance Backup+, depending on the type of transaction made.
(2) Balance Backup and Balance Backup+ overdraft protection is not available for Launch Checking.
(3) Covering an overdraft when there are not enough funds in your account is at our discretion. We carefully analyze your account relationship and review deposits, overdraft history and other factors in order to pay as many items as we can for our members. If we choose to not cover an overdraft, your transaction will be declined.