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How do I link my business accounts for overdraft protection through Internet banking?

Curious about Internet banking

How do I link my business accounts for overdraft protection through Internet banking?

To link your business accounts for overdraft protection through Internet banking, you will typically need to follow these steps:

1. Log in to your Internet banking account using your credentials.

2. Navigate to the "Account Services" or "Account Management" section, which may be located in the main menu or a designated section for managing your accounts.

3. Look for an option related to overdraft protection or linking accounts. The specific terminology may vary depending on your bank's Internet banking platform.

4. Select the option to link your business accounts for overdraft protection.

5. Choose the primary account that will serve as the funding source for overdraft protection. This is typically your main business checking account.

6. Specify the secondary account(s) that you want to link for overdraft protection. These can be other business accounts, such as savings accounts or additional checking accounts.

7. Review the terms and conditions of the overdraft protection service. This may include details on fees, transfer limits, and any specific rules or requirements.

8. Confirm and authorize the linking of your business accounts for overdraft protection. This may require providing additional authentication, such as a OneTime Password (OTP) or answering security questions.

9. Once the accounts are linked for overdraft protection, funds will be automatically transferred from the primary account to cover any overdrafts in the secondary account(s) when necessary. This helps ensure that you have sufficient funds to cover transactions and avoid potential fees or account restrictions.

It's important to note that the specific steps and options may vary depending on your bank's Internet banking platform and the features they offer for business accounts. If you're unsure how to link your business accounts for overdraft protection, it's recommended to contact your bank's customer support or visit their website for detailed instructions and assistance. They can provide you with the necessary guidance to set up overdraft protection and ensure the financial stability of your business accounts.

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