With Amplify Overdraft Protection and Privilege Pay, you have multiple ways of protecting yourself from being declined at the register or incurring fees from merchants.
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.
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.
1. Amplify uses your available account balance to determine whether sufficient funds are available when transactions attempt to clear your account. Amplify will normally pay overdrafts within the Privilege Pay limit, but payment is a discretionary courtesy and not a right or obligation. If you have more than 5 overdraft transactions in a single day, we will limit the total overdraft fees to $150. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. Please refer to our Privilege Pay policy. If you are not interested in Privilege Pay, please choose the account(s) you wish to opt out and submit the Opt-Out form. Forms are in PDF format and require Acrobat Reader to view. If you do not already have Acrobat Reader, you can download it for free. 2. Interest begins to accrue upon advance.