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Overdraft Protection

We understand that the unexpected can happen or that math mistakes can occur, and at times you may not have enough money in your checking account to cover a transaction, causing an overdraft to occur. At The Savings Bank, we offer a choice of options designed to protect your account.

Keep in mind, you may choose multiple Overdraft Protection options for additional protection.

Advice and product options designed to protect your account.

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How to Protect Your Account From Overdrafts

The first step in avoiding overdrafts is staying on top of your account balances:

  • Watch your account balances regularly to make sure you don’t go too low. Balances can be checked in Online Banking, via our Mobile App, by phone, or by visiting an ATM or branch.
  • Set up low balance alerts. With our Notifi service, you can set up email or mobile text real-time alerts to get notified when an account goes below a certain threshold that you set.
  • If you do overdraw your account, our overdraft protection options help you cover the overdrawn amount, so you can avoid late fees, bounced checks, embarrassment at the register, and avoid an insufficient funds fee.

Transfer Protection

An automatic sweep to prevent potential overdrafts at no cost to you! You can link up to two eligible accounts to your primary checking account so funds will be transferred automatically at the end of business day processing if you’ve overdrawn your account during the day. Available on retail checking accounts. Click here to learn more about Transfer Protection.

Bounce Protection

The Savings Bank will temporarily cover insufficient funds on checks, electronic and debit transactions, and ATM withdrawals. Enrollment is automatic for check drafts and ACH (electronic) transactions. You must opt in to receive this overdraft benefit for ATM withdrawals and one-time debit purchases.Click here to learn more about Bounce Protection.

Money Reserve Line of Credit

This revolving line of credit is linked to your checking account and requires an application. If you overdraw your enrolled checking account, your Money Reserve Line of Credit will activate to cover your purchase, bringing your enrolled checking account’s balance down to zero and your Money Reserve Line of Credit’s balance up to the amount needed to cover the purchase.

Talk to The Savings Bank

To find out how The Savings Bank can help you achieve all your financial goals, visit one of our offices, use our contact form, or call us at 800-246-2009.

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Mail Theft Advisory
The North Reading Police Department is advising that anyone who utilized the blue, standalone US Postal Service collection box, which is located at the rear of the post office, at 174 Park St., any time after 12 PM on Saturday, June 8, has had their mail stolen. Direct questions as follows: • Specific questions on your account, please contact The Savings Bank at 800-246-2009. • Questions regarding this theft, please contact the North Reading Police Department at 978–664–3131. Read more.