What is KeyBank's overdraft policy?

KeyBank's overdraft policy provides a safety net for customers when their available balance is insufficient to cover a transaction. KeyBank offers two types of overdraft services: Standard Overdraft Coverage and Debit Card Overdraft Service. Standard Overdraft Coverage allows KeyBank to authorize and pay overdrafts for paper checks, pre-authorized automatic debits, and recurring debit card payments at its discretion, subject to certain limitations. On the other hand, the Debit Card Overdraft Service covers one-time debit card transactions, allowing KeyBank to authorize and pay overdrafts on customers' personal checking accounts for a fee per occurrence. However, customers have the choice to opt-in or opt-out of this optional service. It is advisable to review KeyBank's terms and conditions for complete details about its overdraft policy.