Overdraft Solutions
MidFirst Bank has several choices to help customers avoid returned items or declined transactions in an overdraft situation. The table below offers a variety of solutions to best fit your needs.
| Overdraft Privilege | Overdraft Protect Deposit Account | Overdraft Protect Line of Credit | |
|---|---|---|---|
| Product Description | Service permits transactions to be paid at MidFirst's discretion in an overdraft situation for ATM and everyday debit card transactions | Savings, money market or another checking account is linked to your checking account | Line of credit can be linked to select checking accounts |
| Product Function | Overdrawn amount is covered at the discretion of MidFirst Bank | Overdrawn amount is transferred from your other account to your checking account | Overdrawn amount is transferred from your line of credit to your checking account |
| Overdraft Protection Limit | Varies | Up to available balance in linked account | Up to line of credit maximum |
| Annual Fee | N/A | N/A | See your Loan Agreement and Disclosure |
| Transfer Increments | N/A | Overdrawn amount, up to available balance in linked account* | $100* |
| Cost Per Transfer | $35 per item | $12.50 per daily transfer | $12.50 per daily transfer |
| Other Fees | $25 after seven consecutive days | N/A | See your Loan Agreement and Disclosure |
| Approval Process | With customer's approval, available to customers with a debit card or ATM card | Available to customers with a savings, money market or another checking account | Available to customers with a consumer line of credit |
Overdraft Privilege is available for most consumer checking accounts to assist in an overdraft situation. It is available 30 days from account opening and may be removed at any time.
Overdraft Protect - Deposit Account is an optional overdraft protection service available to most checking customers who also have a savings, money market or another checking account.
Overdraft Protect - Line of Credit is a feature that allows customers to utilize their line of credit for overdraft protection.