Overdraft Protection & Privilege Pay

When you have overdraft protection in place, Amplify will automatically transfer funds from another Amplify account to cover the amount of the transaction in situations where your Checking Account does not have sufficient funds.

• You must designate the Amplify account from which to cover your overdrafts; it must be from an account that you own
• Overdraft accounts can be Amplify Savings Accounts (S1 or S2) or even additional Amplify Checking Accounts; each transfer costs $5.00
• An Amplify Personal Line of Credit may also be used as Overdraft Protection; each transfer is free, but interest begins accruing on the date of the transfer2
• You can also designate secondary and tertiary overdraft accounts in the event your primary overdraft account does not have the required funds
• If you do not designate an overdraft account, Amplify will automatically use your Savings Account (S1) as your overdraft account

If Overdraft Protection isn’t an option, or in the event your designated overdraft accounts do not have sufficient funds at the time a transaction occurs, Amplify also offers Privilege Pay to cover debit card transactions, checks written off the account, ACH withdrawals, and/ or Bill Pay debits up to a certain cumulative amount1.

• Your total Privilege Pay allowance is determined by your account status and history
• Each consumer account Privilege Pay transaction costs $30.00 and each business account Privilege Pay transaction costs $35.00
• When Privilege Pay is used, your account will go negative; you must bring your account back to a positive balance as soon as possible
• Your account is automatically enrolled in Privilege Pay for transactions such as checks written, ACH transfers, and Bill Pay transactions. You can opt out by completing and submitting the Privilege Pay Opt Out Form