Comerica Bank offers three overdraft services to our customers. Each provides a different level of protection when funds are unavailable in your account to meet your spending needs1.
|Standard Overdraft Service||Standard Overdraft Service (SOS) automatically comes with all checking accounts.
|Enhanced Overdraft Service||Enhanced Overdraft Service (EOS) is available to Comerica customers who confirm participation.
|Automatic Overdraft Protection2||Automatic Overdraft Protection (AOP) is available to link to a checking account for customers that currently have or would like to open a Comerica Savings or Money Market Account, or who apply and qualify for a Credit Card or Home Equity Line of Credit.
Comerica Bank may approve payments, purchases or cash withdrawals based on a variety of factors such as your account tenure, overdraft behavior or balance information. The SOS and EOS are discretionary overdraft services; if factors warrant, Comerica may not pay overdrafts and will return such items or decline such payments, purchases or withdrawals.
Overdraft fees and non-sufficient funds (NSF) fees occur when you make a purchase that exceeds your account balance. When we cover an overdrawn payment you will incur an overdraft fee. There are also times when we will return your item (such as a check or ACH transaction) unpaid, in which case you will be charged an NSF fee.
Why am I charged these fees?
An overdraft or NSF fee is charged if you make a transaction or withdrawal that is greater than the available funds in your account. Please note that your available funds are not the same as your account balance. Because we process transactions at the close of business, your available funds may not reflect transactions that you have made throughout the day.
In what order do you process payments?
How can I avoid these fees?
The best way to avoid overdraft and NSF fees is to make sure that you have the available funds to cover all your purchases. Keep tabs on your account balances by reviewing your account statement or with Comerica Web Banking® and Comerica Mobile Banking®, and give yourself an extra cushion to leave room for the occasional mistake. When these options are not possible, AOP may provide you a less costly method of protecting your account from overdrafts.
Still have questions about how this will affect your accounts? Ask a Comerica representative by visiting your local Comerica banking center or calling 877.883.3434 today.
1 For SOS and AOP overdrafts, fees may be charged for overdrafts created by check, in-person withdrawal or other electronic means. Only overdrafts caused by one-time purchases or ATM withdrawals/transfers will be assessed fees under EOS, provided you have consented to the EOS. After we provide you with 4 business days to bring your account balance current and if your account remains overdrawn for 5 consecutive business days, we will charge an additional $6 per day beginning on the 5th business day. This fee will continue for 5 consecutive business days or until the account is brought into a positive balance, whichever is first. Your account status is determined at the close of our processing day.
2 We will charge a fee between $8 to $16 per day for AOP transfers depending upon the number of transfers in the past