State Street Bank

You can overdraft your State Street Bank account with a recurring debit card payment, ACH transfer, or check by attempting to make a purchase or withdrawal for which your account does not have sufficient funds. If the transaction processes, you have overdrawn your State Street Bank account.

If your account has overdraft capabilities, State Street Bank will authorize recurring debit card transactions, ACH transfers, and checks that would overdraw your account. However, State Street Bank will not authorize any non-recurring debit card purchases or ATM withdrawals that would overdraw your account unless you opt in for this service. If you do not opt in, State Street Bank will decline any non-recurring debit card or ATM transactions that would cause an overdraft, and your account will not be charged.

How to Opt-In to Overdraft State Street Bank Account with Debit Card Purchases and ATM Withdrawals

• Call State Street Bank customer service at 217.223.6480 to update your account's overdraft settings. You'll need to have your account information handy when you call, as well as any personal information that is required to verify your identity.
• Sign in to your secure online State Street Bank banking account. If you haven't already, register for an account. 
• Visit your local State Street Bank branch. Speak with a banker to change your checking account's overdraft settings. Use their branch locator to find a location near you.

Note that State Street Bank charges a $30 fee each time they pay for a transaction that overdraws your account. You can be charged up to 3 overdraft fees per day.

It's also important to remember that State Street Bank pays overdrafts at their discretion, which means they do not guarantee that they will authorize a transaction that exceeds your account balance, even if they have done so before. To avoid overdrafts, consider signing up for State Street Bank's overdraft protection service.

You don't need a certain credit score to open a State Street checking, savings or money market account, as there is no credit score requirement. State Street does not require a credit score for these accounts because they are deposit accounts, not loans or lines of credit. This means you can only withdraw or spend money you've deposited into the account, so your creditworthiness isn't really relevant.

To open a State Street checking, savings or...

You can close a State Street checking account by contacting the company over the phone or in person. Once you've made contact through your chosen method, verify your identity and account information, then instruct the representative to complete the closure.

Before you close your account, confirm you do not have any pending transactions to ensure a smooth transition. Also, download or print your statements because you may lose access to them once the account...

You can file a complaint about State Street representatives or policies by contacting the company's customer service department over the phone or through the mail. Alternatively, you can submit your complaint to third parties including the Consumer Financial Protection Bureau and Better Business Bureau.

How to File a Complaint About State Street

1. Contact the company directly. You can contact State Street's customer service department by calling 1-800-242-0134. If you wish to...