Overdrafts and Insufficient Funds

What happens when I don't have enough funds to cover a debit to my account

Sebi Ovesian avatar
Written by Sebi Ovesian
Updated over a week ago

Overdrafts and insufficient funds occur when your account does not have enough money available to cover a transaction. When your account is overdrawn, the transaction that brought your account into negative balance is returned to the sending bank.

Your Hingham Savings account is set to pay transactions from largest to smallest, in the hope that the largest withdrawals would have the most negative impact if we returned them.

Helpful Tips on Preventing Overdraft

  • Set up a Sweep by linking another Hingham Savings account to cover any overdrawn balances. This way, a transfer happens automatically if an account overdraws and there are no additional fees applied.

  • Sign up for Online Banking and access your account balance and history 24/7.

  • You can also enroll right from your phone using our mobile banking app:

Good to know:

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 Money is withdrawn from your account using the available balance amount and not the current account balance.

Related Articles

Did this answer your question?