Other banks will charge you an average of $29.80¹ in fees for each overdrawn transaction. At Amplify, we believe the best way to help our community succeed is not to pile on fees. That's why overdraft prevention and overdraft protection with Rebound will always cost you $0.
First, Amplify tries to prevent the overdraft from happening. When a transaction would cause a member account to go negative, Amplify will immediately try to apply funds from your connected savings account or personal line of credit.
If no funds are available and you are eligible for our overdraft protection program, Amplify will, at our discretion, attempt to cover the charge on your behalf. You'll have 14 business days to bring your account back to a positive balance.
Finally, in the rare case where no funds can be applied and you are not eligible for overdraft protection, the transaction will be declined. No fees will be charged to your account.