Overdraft Protection

Overdraft Protection Options

Did you know that you have different overdraft options for your checking account? For your protection and added peace of mind, we offer options to make sure that you're covered when you need it.

What are the standard overdraft practices that come with my account?

On all qualified checking accounts, we automatically authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
  • ACH transfers online, by phone, or per pre-authorized automatic bill payment

We do not authorize and pay overdrafts for the following types of transactions unless you opt-in for Extended Overdraft Protection.

  • ATM transactions
  • Debit card transactions

If CommonWealth pays your overdraft, you will be charged a $32 fee each time we pay. But, not to worry, there is no fee to have Overdraft Protection.
To make changes to your Overdraft Protection choice click here. 

CommonWealth offers the following options to prevent overdrafts*:

  Option 1:
Standard Overdraft Protection
Option 2:
Extended Overdraft Protection This is the option that you have currently.
Option 3:
Waive all Overdraft Services

How It Works


Standard Overdraft Protection will cover checks, ACH and automatic bill payments.


Standard Overdraft Protection will cover checks, ACH and automatic bill payments.

Extended Overdraft Protection will also cover ATM and debit card transactions.


No overdrafts will be set up from savings or Visa credit card.

Checks, ACH and automatic bill payments will be returned as Non-Sufficient Funds (NSF).

ATM and debit transactions will be declined if there are no fund available.

Fees & Other Details


Overdrafts will be paid up to a limit of $1,000 regardless of  your checking account type

$32 per  overdraft paid by CommonWealth

Overdrafts will be paid up to a limit of $1,000, regardless of your checking account type

$32 per overdraft paid by CommonWealth

$32 per returned item.

Charges from the originating institution may apply.

Click here to view our full Overdraft Protection Policy.

*CommonWealth is not obligated to pay an overdraft item at any time and is not liable if an item is returned due to insufficient funds.

Not sure how your account is currently set up?

Contact us today at (800) 564-1588.