What is Eastern Bank's policy on overdrafts?

Eastern Bank's policy on overdrafts typically aims to help customers manage their accounts while minimizing fees and maintaining financial stability. Generally, an overdraft occurs when a customer withdraws more money than is available in their account, resulting in a negative balance. Eastern Bank may provide an overdraft protection service that links a checking account to another account, such as a savings account or a line of credit. This can help cover transactions and prevent overdrafts from occurring. When an account does go into overdraft, Eastern Bank usually charges an overdraft fee for each transaction that exceeds the available balance. It is important for customers to be aware of the fees associated with overdrafts, as well as the terms of any overdraft protection services they may have elected. Customers are encouraged to regularly monitor their account balances and transactions to avoid overdrafts. For detailed information on terms, fees, and specific policies regarding overdrafts, it is recommended to review the current information available on Eastern Bank's website, where updated details can be found.