What is your overdraft policy?

Enterprise Bank & Trust has established specific policies regarding overdrafts, which can vary based on the type of account and customer relationship. Generally, an overdraft occurs when a transaction is processed that exceeds the available balance in a customer's account. To address such situations, the bank may offer an overdraft protection service, allowing customers to link their checking account to a savings account or a line of credit. This can help cover transactions when the checking account balance is insufficient. In the case of an overdraft, customers may incur fees, which are typically outlined in the account agreement. It is essential for customers to be aware of these fees, as well as the circumstances under which overdraft services will be used. Additionally, some accounts may have different rules or limits on overdrafts, and it is important for customers to familiarize themselves with these details. For the most accurate and current information, including any applicable fees and the specifics of the overdraft policy, customers are encouraged to visit the official website of Enterprise Bank & Trust, where they can find resources and contact information for further assistance. Understanding these policies can significantly help customers manage their accounts effectively and avoid unexpected charges.