M&M Bank encourages customers to manage their financial affairs in a manner that reflects sound judgment and responsibility. From time to time, an item may be presented for payment on an account that does not have sufficient funds. Significant charges can result from overdraft and nonsufficient funds (NSF) fees.
You can avoid or reduce overdraft and NSF fees by:
- Making a deposit to your account before incurring an overdraft / NSF fee.¹ A transfer from another account or credit card advance may be a means of making a deposit. Charges may apply to transfers and/or cash advances.
- Apply for a Merchants & Marine Bank line of credit² for overdraft protection. Overdraft items are paid up to a pre-approved limit. These credit lines are assessed a monthly fee1 and interest accrues on any unpaid balances.
- Linking your Merchants & Marine Bank savings account for overdraft protection. Overdraft items are paid up to the balance of your savings account. There is a fee each time a transfer is required to cover an overdraft.¹
- Our discretionary overdraft privilege service on eligible accounts. Each item presented without sufficient funds is subject to a per item overdraft / NSF fee.¹