Simmons Bank provides other ways of covering overdrafts that may be less expensive. Inquire at any Simmons Bank location about qualifying for these other options before making your choice. Other options include:
Automated OD Protection Transfer – Link your checking account to a savings account you have with us. If you overdraw your checking account, Simmons Bank automatically transfers funds from your savings account to your checking account. Transfer fees may apply.
Simmons Bank Personal Line of Credit – You need to apply for a 'line of credit' just as you would apply for a regular loan. If you overdraw your account, Simmons Bank will lend you the funds by using your line of credit to cover the overdraft. You will pay interest on this loan, and there may be an annual fee; however, the overall costs may be less than the costs for Simmons Bank Overdraft Privilege.