Overdrafts and insufficient funds occur when your account does not have enough money available to cover a payment.

When you issue payment using a check or electronic payment, the bank checks your balance vs. how much you owe on the payment. If you don’t have sufficient funds, the bank can reject the payment: the payment will not leave your account and the biller will not be paid.

Helpful Tips on Preventing Overdraft

  • Use a sweep form to transfer funds from another Hingham Savings account into your account whenever funds needed exceed the balance in the account. 
  • Sign up for Online Banking and access your account balance and history 24 hours a day. You can access online banking through your computer or mobile phone using our easy to use app. 
  • Use a check register to record all of your deposits and withdrawals and maintain a running balance. (Don't forget to include your ATM and Debit Card transactions).

It is important to note the difference between the account balance and the available balance. Money is pulled from your account using the available balance amount and not the account balance.  

See fees associated with overdraft and insufficient funds here.

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