Chequing Accounts

Overdraft Protection

A safety net for when you've gotten in over your head.

Bank with peace of mind

No fees unless you overdraw your account - and then you pay a minimum charge of $4 or interest, whichever is greater.1

Save yourself the hassle

​No non-sufficient funds (NSF) fees or holds. You can withdraw cash and make transfers and point-of-sale payments up to your authorized limit.

Repay on your terms

Pay your required payment or your entire balance. Like using a credit card, it's good practice to bring your balance back to black on a regular basis.

Key product details

Monthly fee $0
NSF fees and holds None
Overdraft limit From $500 to $5000
Overdraft interest 19.25%2
Minimum monthly payment Interest is charged monthly at an annual rate (19.25%), which is calculated against any daily closing overdrawn balance.2
Expiry date Never

Frequently Asked Questions

Yes. Overdraft Protection can be applied for on a joint account. By sharing access to the account, you're also sharing responsibility for any transactions made by the other account holder. Both account holders must qualify for the protection, and are responsible for repaying debts after it is added.­

ATB (like other banks) will share account information with credit bureaus. But an overdraft balance won't affect your credit score unless it is left unpaid and ultimately referred to a collection agency.

Interest is calculated daily on the daily closing overdrawn balance at 19.25% per annum, charged and payable monthly.1

The team at your ATB branch monitors an overdraft report on a weekly basis. They'll reach out to clients who are unable to bring their accounts up to a positive balance on a monthly basis to discuss alternatives. If you find yourself consistently using overdraft, you can also contact us and we'll help you find the right solution.

When changing who's on the account an new application for the overdraft protection is required.

Ready to get started?

Life happens—but with Overdraft Protection, you have a backup.

Find the right unlimited chequing account for you.

Need help?

Our Client Care team will be happy to assist.