Amerant CoverMe

Overdrafts? We Have You Covered.

Amerant CoverMe is a service that allow you to protect yourself from overdraft fees. It is available for deposit accounts and will not charge a fee for overdrafts up to $100 *
No set-up fee:
There is no cost to set up Amerant’s CoverMe
All personal, domestic Amerant customers are eligible for Amerant CoverMe and are automatically enrolled.

Benefits of CoverMe

Automatic Enrollment

Amerant customers with a deposit account (checking, savings, money market are already automatically enrolled)

No fees for overdrafts up to $100**

Amerant CoverMe7,8 allows for an overdraft of up to $100 without charging a fee.

Monitor your account

Monitor your account and transfer funds into your checking account on your own before an overdraft occurs.

There When You Need It

amerant mobile app home screen

No fees for overdrafts up to $100*

Amerant CoverMe7,8 allows for an overdraft of up to $100 without charging a fee.** We will then apply your next deposit toward your negative balance. Available with checks, MasterCard Debit Card, and ACH (US residents only) all Value Checking, Interest Checking, Savings, Money Market, and Relationship Money Market.

FAQs about Amerant CoverMe

If there are insufficient funds available in your account, incoming transactions will process for up to $100. For information on overdraft fees and overdraft-related interest charges refer to our Schedule of Fees.

Overdraft protection is a service that allows you to link a savings account or other Amerant account to transfer funds when the account is overdrafted. Enrollment at a local branch is required for overdraft protection. Amerant CoverMe7,8  allows overdrafts up to $100 without incurring a fee.** It does not require you to enroll or link an account. There is no fee to participate.

Overdrafts of up to $100 will not incur a fee. Overdrafts of more than $100 will incur a fee up to 5 times in one day. For information on overdraft fees and overdraft-related interest charges refer to our Schedule of Fees.

All personal, domestic Amerant customers are eligible for Amerant CoverMe and are automatically enrolled.

Amerant CoverMe covers checks, MasterCard Debit Card, and ACH transactions (US residents only). Amerant CoverMe does not cover Zelle transfers or services like Venmo or Square Cash.

* With the exception of Time Deposits, a fee may be imposed for paid or returned overdrafts created by checks, in person withdrawals, internal debits and transfers or other electronic means. There will be no fees on daily overdraft balances of $100 or less.

** Applies only to personal domestic accounts.

7 For information on overdraft fees and overdraft related interest charges refer to our For additional fees, please refer to our Schedule of Fees.

8 Does not include ATM withdrawals.

Overdraft fees, insufficient funds will be declined and charged a $35 fee (international or commercial accounts) or $10 fee (applies only to personal domestic accounts) up to 5 times in one day.

This is not a line of credit, we do not guarantee coverage, overdrafts are paid at our discretion, if we do not pay an overdraft transaction, it will be declined.

Please refer to the Deposit Agreement and disclosures for more details.

 

USA PATRIOT Act

To help the government fight the funding of terrorism and money laundering activities, the Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What does this mean for you? When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

Important Notice Regarding Wire Transfers

IF WE DO NOT HAVE YOUR FUNDS TRANSFER AGREEMENT IN OUR FILES, WE WILL NOT BE ABLE TO EXECUTE TRANSFERS.

We value our relationship and it is important for us to safeguard your privacy and ensure that your funds are protected against fraudulent activity at all times. For this reason, we are providing you a link to our Electronic Funds Transfers Disclosure.

Customers who request wire transfers through an Account Officer, should download the new wire transfer “Wire Transfer Form” to authorize this type of transaction. The E-sign Agreement will only need to be signed the first time a wire transfer is initiated.

For fees related to this service, review our Schedule of Fees

Deposit Agreement

IMPORTANT FUNDS AVAILABILITY INFORMATION

Please review Amerant’s Deposit Agreement brochure.

Know Your Customer

Managing a successful Know Your Customer (KYC) Program is a requirement of the U.S. banking system. Learn More.