Overdraft protection options cover checking account transactions, up to an approved limit, should your checking account become overdrawn. Choose from:


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

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Automatic Transfer from Personal Savings* or Checking
  • Transfers will be in the amount of the overdraft, plus a nominal transfer charge
  • All savings accounts are eligible for this service except our Kids Savers Club

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

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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 .

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* Federal Law, Regulation D (204.2(d)(2)), prohibits more than six (6) automatic transfers from a savings account per calendar month. 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.