What is the overdraft policy for New York Community Bank?

New York Community Bank's overdraft policy aims to provide customers with flexible solutions while maintaining responsible lending practices. In the event of insufficient funds, eligible checking accounts may be enrolled in our overdraft protection program, which covers transactions up to a predetermined limit. This includes check payments, automated bill payments, and recurring debit card transactions. To ensure transparency, customers receive notifications via email or text message regarding overdrafts and associated fees. It is important to note that overdraft protection is subject to qualification requirements and account review. Additionally, customers have the option to decline overdraft protection and have their transactions declined if sufficient funds are not available. We encourage customers to contact our customer service representatives or visit our website for comprehensive information on our overdraft policy.