Disclosure Information

Protect yourself from overdrafts.

Help make sure your transactions go through when you need them to with Overdraft Protection. If you make a payment and you don’t have enough money in this account to cover the payment:

Helpful definitions

Available balance: Your available balance is the money currently available to make purchases, withdrawals, and payments. This balance is updated throughout the day with the transactions you make, including pending transactions and holds. It does not include bill pay checks or checks you’ve written or deposited that have not yet posted. This balance is used in making payment decisions and triggering overdraft fees.

Overdraft Coverage: Business accounts are automatically enrolled in Overdraft Coverage at account opening. Overdraft Coverage allows Truist, at its discretion, to authorize and pay transactions on ATM and everyday debit card purchases when there are non-sufficient funds in your account. Truist may pay these transactions at our discretion, and fees may apply.

Overdraft fees: Overdraft fees happen when you spend more than you have in your checking account. It is a $36 fee that’s charged when a transaction amount is more than your available balance and is paid with negative funds. If the original transaction amount is less than $5, we will not charge an overdraft fee. Truist pays overdrafts at its discretion, which means that we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined or returned. Overdraft fees can be issued up to three times per day until you make a deposit to cover all outstanding transactions. If you make a deposit or balance transfer to cover all your transactions by the daily cutoff time, you won’t be charged any overdraft fees.

Overdraft Protection: This optional service helps you avoid overdraft fees and/or declined transactions by linking your Truist checking account to another Truist deposit account, business credit card, or line of credit. We will use available funds in your linked account to authorize or pay your transactions if there are insufficient funds in your checking account. For accounts linked to a line of credit or business credit card, funds advanced for Overdraft Protection are subject to fees and finance charges under your line of credit or business credit card agreement. Please see your agreement for more information. Cash Advance for Overdraft Protection Transfer Fee is charged to the Truist business credit card for each checking account that receives an Overdraft Protection Transfer on the same day. Money Market and Savings accounts are not eligible to enroll in the Overdraft Protection Service as a protected account.

Pending transactions: Typically, pending transactions are electronic or debit card transactions you’ve made that have not yet posted to your account. Deducting these transactions from or adding any deposits or credits to your current/posted balance equals your available balance. Be aware money being held for authorized electronic transactions is held as pending for three business days. If the authorized electronic transaction is not submitted by the vendor for payment within three business days, Truist will release the amount of money on hold. For example, a hotel may request authorization of $150 when you check in, but not request payment until later. Also, some electronic transactions are authorized for less than the actual amount—for example: gas purchases, restaurants before tip is added, hotel and rental car companies.

Posted balance: Your posted balance (also called current or ledger balance) is the actual amount in your account after nightly posting and does not change throughout the day. It does not include holds or pending transactions. Transactions are paid from your available balance according to our posting order, and your available balance may differ from your daily posted balance.

Returned Item Fee: A Returned Item Fee is charged when your account balance is insufficient to cover a check or ACH transaction. If we do not authorize and pay an overdraft, your transaction will be returned unpaid, and your account will be subject to a $36 Returned Item Fee. For example, if you have an available balance of $1,000 and you write a check from this account for $1,500 and Truist returns the check due to insufficient funds, your account will be charged a $36 Returned Item Fee. Enrolling in Overdraft Protection may help you avoid this fee.

For more information

This overview is not intended to be all-inclusive but is to be used as a quick reference tool for comparison purposes only. For a detailed list of all fees and terms applicable to your account, please refer to the Business Deposit Accounts Fee Schedule at truist.com/business-fee-schedule. For details on the terms and conditions of this account, please see the Commercial Bank Services Agreement at Truist.com/cbsa.

If you would like to open an account or have additional questions, visit Truist.com/small-business, call 844-4TRUIST (844-487-8478), or visit Truist.com/locations to find your local branch.