Overdraft Protection

Protect your accounts from accidental overdrafts. This service can ensure you don't experience denied purchases or bounced checks so you can always buy the things you need.

As a Prosper Bank account holder, you may elect to opt in for standard coverage. You may also opt in to receive coverage for debit card and ATM usage so you can rest easy knowing your accounts are protected!

Call 469.952.5500, fax 469.952.5501, or come in today to opt-in!

Overdraft Protection
Bounce Protection
  • Protect your accounts and credit
  • Opt in to protect ATM and check card transactions
  • Avoid denied debit card purchases
  • $32.00 per overdraft paid item fee*
  • Maximum of 5 overdraft paid item fees per day

An insufficient balance can result in several ways, such as (1) the payment of checks, electronic funds transfers or other withdrawal requests; (2) payments authorized by you; (3) the return of unpaid items deposited by you; (4) bank service charges; or (5) the deposit of items which, according to the bank's Funds Availability Policy, are treated as not yet available or finally paid.

We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds.

For Bounce Protection consideration, your account is in "good standing" if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; and (3) have no legal orders, levies or liens against your account.

We may refuse to pay an overdraft item at any time even though we may have previously paid overdrafts for you. For example, we typically do not pay overdraft items if your account is not in good standing as defined above, or, if based upon our review of your account management, we determine that you are using Bounce Protection excessively or seem to be using Bounce Protection as a regular line of credit.

You may revoke at any time by contacting us either in person, by mail, or by phone.

NOTE: Read more about this service by downloading our Consumer Bounce Protection Brochure or by downloading our customer overdraft policy.

*$32.00 also applies to return item fees

Additional Resources

Click here for Money Smart Information

Click here for FDIC Managing Overdraft Fees

Click here for FTC Credit Counseling

Click here for our Bounce Protection Policy

Sweep Protection

If you regularly maintain a low balance in your checking account and have a Prosper Bank savings account, you can also set up automatic funds transfer to cover overdrafts. We can automatically transfer funds from your savings so you don't get hit with overdraft fees. NOTE: There is a $5 charge for each transfer and a limit of 6 transfers per month.