Overdraft Protection and Coverage

We know that cash flow management can be a challenge for small businesses. Fifth Third Bank, National Association offers business Overdraft Protection and Overdraft Coverage for when you need to pay a bill or make a purchase and you have insufficient funds in your account. Overdraft Protection covers a negative balance in your account using funds from another account to help you avoid an overdraft fee. Our Overdraft Coverage solution pays* for the transaction on your behalf to prevent returned checks and late charges. Learn more about our Overdraft Protection and Overdraft Coverage Solutions and how to enroll.

Overdraft Protection2

Use money set aside in another account as a cushion to cover a negative balance. Avoid an overdraft fee and per-item fees. Get bank Overdraft Protection from Fifth Third today.

Covers: Any Fifth Third business checking account.

Protecting accounts: Any business checking or savings account, or the Fifth Third Business Rewards Credit Card, can provide Overdraft Protection.

Types of Overdraft Protection:

  • Credit Card (Ready Reserve): Amount available varies based on a combination of credit limit, cash advance limit and other risk factors.
  • Savings and Checking: Based on available balance, up to $99,000.00.

Cost: Each time an overdraft protection transfer of funds is made, a $12.00 transfer fee is assessed to the overdrawn Consumer, Business Banking or Commercial account, unless the overdraft is $5.00 or less. When you overdraw, the exact amount of the negative balance for that day plus the $12 transfer charge will be transferred on the next business day.

Enrollment: Talk to your banker to enroll.

*Note: Overdraft coverage payments are discretionary, and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or if you are not making regular deposits, or if you have too many overdrafts. When an item is returned due to insufficient funds, you will be charged $37.

Overdraft FAQs

Additional Resources