What you Need to Know about Overdrafts and Overdraft fees
|An overdraft occurs when you do not have enough money in your account to cover a paid transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
What are the standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:
|If we do not authorize and pay an overdraft, your transactions will be declined.
What fees will be charged if Montgomery Bank pays my overdraft?
Under our standard overdraft practices, any transaction that results in an overdraft of $10.01 or more, will result in a charge of up to $33 per item. There is a limit of 5 items per account per day on which fees will be charged for overdraft.
What if I want Montgomery Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you also want Montgomery Bank to authorize and pay overdrafts on ATM and everyday debit card transactions, call 1 (800) 455-2275 or complete the form below and present it at any location or use this authorization form found on our website at www.montgomerybank.com.
|Complete and submit this form today!|