Can my account become overdrawn? If so, what happens?

It's possible, but rare. Our accounts are designed to minimize overdrafts, so transactions that are greater than your account balance will typically be declined or returned.

We will not charge an overdraft fee if you do end up with a negative balance in your account. (For more information, check out our schedule of fees.)

Of course, it’s still important that you bring your account out of the negative as quickly as possible. Check out the Getting Money Into Simple article for an overview of the different ways to deposit funds.

There are a few extra facts to keep in mind if you happen to have a Shared account with a negative balance. You can find all these details in our Shared Account Ownership article.

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