When No Fee Overdraft is turned on, any purchase or transfer can overdraw your Varo Bank Account up to the overdraft limit of $50, except:
- ATM withdrawals
- Over the Counter withdrawals
So, if you have a balance of $5 and try withdrawing $20 from an ATM when you’re eligible for No Fee Overdraft and the feature is turned on, the $20 withdrawal will be declined with no fee and you won’t be able to overdraw your account at the ATM. You can still use No Fee Overdraft for debit card purchases up to the overdraft limit of $50.