Overdraft Protection

Miscalculations can happen to the best of us. Sometimes we forget about an automated payment that we had set or think we have money in our checking account that just isn’t available yet.

Avoid Overdraft Fees

You can help yourself stay on track by setting up customizable alerts through online or mobile banking to prompt you to take action if your account balance is getting low, to remind you of loan payments and to alert you about large withdrawals.

If you want extra help to make sure a little mistake doesn’t become a more costly error, Torrington Savings Bank offers you protection against overdrawn checking accounts in two ways: Savings Overdraft Protection, and the Life Line Overdraft Line of Credit.

Savings Overdraft Protection

Savings Overdraft Protection provides coverage to your checking account by making the balance of your linked savings account available to cover any overdrafts. There is no monthly service charge to be enrolled in the program, and only a nominal fee is assessed each time a transfer occurs. The transfer goes through automatically, so as long as you have sufficient savings in the linked account, you’ll be spared the hassle of a bounced check.

Line of Credit

Life Line Overdraft Line of Credit

By linking our special Life Line Overdraft Line of Credit to your checking account, you will have the peace of mind in knowing that funds will be transferred automatically, up to your approved line amount, to cover a negative balance in the event of an overdraft. Life Line protects against overdrafts caused by checks, ATM withdrawals or debit card transactions, all while helping you avoid possible overdraft fees. The Life Line Overdraft Line of Credit is available for TSB checking accounts only, and requires automatic payments from the linked checking account.

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