Overdraft Coverage

Protect your reputation and reduce personal expenses with Overdraft Coverage that automatically sweeps necessary funds into your account when you need them.

At Merchants Bank, our Overdraft Coverage helps you avoid the embarrassment of overdrawing, as well as the high cost of overdraft fees.

It works by transferring money from other accounts into your checking account – at $5 per transfer (no fee to transfer from a Home Equity Line of Credit). You can use your Money Market Account, another checking, Home Equity Line of Credit† or combination of these to fund overdraft coverage, as long as you designate one as a primary funding account.

In addition, you can add a safety net with Overdraft Assurance, which applies if funds are not available in those accounts, or if you’ve exceeded Money Market transfer limits. Standard transfer and overdraft fees apply to this option.

†Interest accrues on all funds borrowed from the Home Equity Line of Credit.