Name: Envision Technology Advisors
Price range: $

What is an Overdraft?

An overdraft occurs when you don’t have enough money in your account to cover a transaction. Fees often apply when a transaction causes your available account balance to drop below $0.

Transactions may include debit card purchases, checks, cash and electronic withdrawals, or online payments.

What happens if I overdraw my account?

If you spend more money than you have available in your account, your account will be overdrawn and may be charged a fee. Washington Trust may also decline your transaction.

To help you better manage your finances, we offer three easy ways to help reduce your chance of overdrawing your account and protect you from overdraft fees and declined transactions if you do overdraw your account.

Three Easy Ways to Manage Overdraft Fees

Transfer Overdraft Protection
Transfer Overdraft Protection links your checking account to any one of your Washington Trust deposit accounts (excluding CDs) to provide funds to cover accidental checking account overdrafts. Transfer Overdraft Protection is FREE with any Washington Trust account.
Credit Reserve
Credit Reserve, our consumer overdraft line of credit, provides overdraft protection to your personal checking account through a line of credit that is available when you need it.
Digital Banking Services
Our Digital Banking Services help you manage your finances and help prevent overdrafts. With Online Banking, you can check account balances, transfer money between accounts, pay and receive your bills electronically, and more. Online Banking is FREE with any Washington Trust account.

Click here for more information about Overdraft Protection.

Need help or have questions?

Contact our Customer Solutions Center at 401-348-1200 or 800-475-2265.

Contact Washington Trust

Insufficient Funds to Cover a Debit Card Purchase?

What you need to know about overdrafts and overdraft fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.
We can cover your overdrafts in two different ways:

We have standard overdraft practices that come with most account.
We also offer overdraft protection plans, such as a link to another account or a consumer overdraft line of credit, which may be less costly than our standard overdraft practices.

To learn more about these plans, please call us at (401) 348-1200 or (800) 475-2265.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

Checks and other transactions made using your checking account number
Automatic bill payments
Recurring Debit Card Transactions

We do not authorize and pay overdrafts for the following types of transactions without your consent:

Everyday debit card point of sale transactions.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Washington Trust pays my overdraft?

Under our standard overdraft practices for consumer accounts:

No fee for transactions less than or equal to $24.99 that overdraw the account

$20.00 fee for transactions greater than $24.99 that overdraw the account

We will not charge more than $100.00 in total overdraft fees per business day.

Depositor and each Authorized Signatory will continue to be liable, jointly, and severally, for all overdrafts and fee amounts, as described in the Deposit Account and Disclosure Agreement. The total (negative) balance, including all fees and charges, is due and payable upon demand.

Extended Overdraft Coverage

What if I want Washington Trust to authorize and pay overdrafts on my everyday debit card point of sale transactions?

If you also want us to authorize and pay overdrafts on everyday debit card transactions, submit the online secure form below.

You can also use this form at any time to revoke your authorization for Washington Trust to pay overdrafts.

What you need to know about overdrafts