This article was updated on: November 19, 2020
Published on: November 17, 2020
By: Webster Bank
Is there an overdraft fee?
Yes, BrioDirect checking accounts have an overdraft fee of $35. BrioDirect does provide a buffer of $5 before you are charged $35 for an overdraft fee, so you won’t pay for going a little bit over.
All deposit products are provided by Santander Bank, N.A. ("Santander Bank"), an insured FDIC institution. BrioDirect is a sub-brand of Webster Bank, a division of Santander Bank, N.A. Webster Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Webster Bank, a division of Santander Bank, N.A. a single FDIC-insured bank.
Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Santander Bank accounts. Deposits in these accounts are made with Santander Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider all accounts maintained with Santander Bank, N.A., such as CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank, a division of Santander Bank, N.A.