Hampton Branch Temporarily Closed

Our branch in Hampton is temporarily closed due to smoke damage. For service, please contact us or visit another nearby Merchants Bank location in Cannon Falls, Hastings or Northfield. Thank you.

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Personal Overdraft Line of Credit

  • Available to qualified applicants
  • Interest rate of 15.59% APR and annual fee of $30**
  • Funds from this revolving line of credit will transfer in increments of $300
  • Monthly payment amount is determined by the outstanding line of credit balance

Automatic Transfer from Personal Savings* or Checking

  • Transfers will be in the amount of the overdraft, plus a nominal transfer charge
  • Savings accounts are eligible for this service include Basic Savings, Advantage Savings and Diamond Money Market

To add automatic transfer to your account, contact any Merchants Bank location.

Automatic Transfer from Home Equity Line of Credit

Transfers will be in the amount of the overdraft. To add automatic transfer to your account, contact any Merchants Bank location


* Account charges will apply if the number of transfers exceed savings account parameters.

** Interest charge is determined by applying the periodic rate to the daily balance of your Credit Line for each day of the billing cycle. If you do not make your payment within 10 days after the Payment Due Date shown on the voucher that you receive with each credit advance, in addition to our own rights in default, we may charge you 5% of the unpaid amount of the payment or $7.80, whichever is greater.

Savings Accounts

Convenient savings options for every lifestyle and financial goal.

Spend

Choose from a variety of flexible and convenient checking accounts that let you spend the way you want.

Credit Cards

Earn rewards at competitive rates when you borrow with a Merchants Visa® Credit Card.

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