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You may be able to avoid declined debit card purchases and ATM transactions. Enroll in Sovereign Account Protector.
New federal banking regulations regarding account overdrafts are now in place. As a result of these regulations, we generally will not pay your one-time debit card purchases and ATM transactions if they would overdraw your account — creating inconvenient situations for you. In order to allow us to potentially pay overdrafts and charge overdraft fees* on these types of transactions, you must enroll in Sovereign Account Protector. Without your authorization to charge overdraft fees, we will generally decline these transactions if they would potentially overdraw your account. Note: To enroll in Sovereign Account Protector, you will need your account number(s). If you have already enrolled, you do not need to take any further action.
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Your paycheck is scheduled for direct deposit on Friday and you stop to pick up a few things at the store Thursday night. When you try to pay for your purchases, your debit card is declined due to insufficient funds.
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You're on your way home and notice that your "low fuel" light has turned on. You stop at a gas station, but when you try to pay at the pump with your debit card, your authorization is declined.
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When you enroll in Sovereign Account Protector, we will be authorized to pay ATM transactions and one-time debit card purchases — even if they overdraw your account — and charge you our standard overdraft fees*. There is no guarantee that all overdrafts will be paid. Please read our important notice about overdrafts and overdraft fees before you enroll.
Enjoy the peace of mind of knowing your checks, debits, and payments are automatically honored by setting up an Overdraft Protection Plan. Simply link a Sovereign Easy Access Line of Credit or another deposit account to your Sovereign checking account.
| Frequently Asked Questions | Overdraft Opt-In Notice |
If you have already enrolled, you do not need to take any further action.
You can also enroll by calling 877-768-4721 or by visiting your local branch.
Please allow 1 to 2 days for processing your Sovereign Account Protector election.
There is no enrollment fee for enrolling in Sovereign Account Protector. Enrolling in Sovereign Account Protector means you are authorizing Sovereign to process ATM withdrawals and transfers and one-time debit card transactions that potentially overdraw your account, and to charge an applicable fee for doing so.
* Sovereign charges a fee of $35 for each item that overdraws your account. If we do pay an overdraft on your account, the overdraft must be promptly repaid.
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