As soon as the bank gets your direct deposit by 9 am time that is local we shall immediately add this quantity in a reevaluation of this previous dayвЂ™s deals that led to an overdraft or returned/non-sufficient funds (NSF) item fee. The lender will determine a new stability, including your pending direct deposit (less any pending debits), and make use of this stability to reevaluate the last dayвЂ™s deals and waive any charges for deals that could have already been included in your direct deposit.
Overdraft Rewind is a automated function of the customer deposit account that receives Direct Deposit. There is absolutely no sign-up that is additional enrollment needed.
We get many incoming electronic direct deposits before 9:00 am each working day. With all the Overdraft Rewind feature, weвЂ™ll initiate a вЂњsecond reviewвЂќ for the previous dayвЂ™s transactions in your account at 9:00 am time that is local.