Branch does not charge any overdraft fees. Your Branch account balance cannot go into overdraft with typical use of our debit card.
How Overdrafts Can Occur
Account overdraft happens when multiple pending transactions on your account clear at or around the same time and cause the account balance to go negative. Below, we have outlined a few common overdraft situations:
- Dining out or other services where a tip can be added to the original transaction amount. The added tip would adjust the pending transaction to a higher amount when it clears.
- Hotel/hospitality charges (e.g., incidentals).
- Other transactions were completed while transactions were still pending and caused a difference in your account's current and available balances.
What to Do if Your Account is in Overdraft
- An overdraft can automatically be resolved by depositing funds into your Branch account to cover the negative balance.
- You can do this by selecting Add Funds in the Wallet tab of the app.
- There is no set deadline for resolving a negative balance, and no overdraft fees are applied. However, if the account remains negative for an extended period, it may be subject to automatic closure.
Related Articles:
Branch is not a bank. Banking services are provided by Evolve Bank & Trust, Member FDIC. FDIC insurance only applies to eligible accounts should the bank holding your funds fail. The Branch Mastercard Debit Card is issued by Evolve Bank & Trust pursuant to a license from Mastercard and may be used everywhere Mastercard debit cards are accepted.