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Overdraft Protection

Protecting yourself from overdrafts helps you take better control of your finances. Read more:

Overdraft Protection Solutions

Bank of Marin offers two Overdraft Protection Solutions that will ensure you are protected from unintentional returned checks or rejected ATM or debit card transactions.

Personal Overdraft Credit Link

Bank of Marin’s Overdraft Credit Link provides automatic overdraft protection with a line of credit linked to your personal checking account.

Subject to credit approval. See the Overdraft Credit Link Agreement and Disclosure Statement for rates and fees.

How it works:

If available funds in your checking account are insufficient, Bank of Marin will automatically deposit extra funds into your account from your Overdraft Credit Link to cover withdrawals or purchases. The amount of funds transferred is up to your available credit limit and will be transferred one time per business day.

Benefits:

  • Avoid unintentional returned checks or rejected ATM or debit card transactions.
  • Avoid unwanted returned item fees.
  • View and pay your balance online.
  • Enjoy peace of mind by not incurring declined debit card transactions.
  • No annual fee for this service. (A fee of $10 per transfer does apply, a maximum of one per day.)

Deficit Funds Transfer

This service will cover checking account overdrafts by automatically transferring available funds from a qualified linked Bank of Marin deposit account, such as a Savings Account.

Other ways you can avoid Overdraft issues

  • Online Banking access is offered at no charge with all of our personal checking accounts so that you can regularly check the available balance in your account.
  • Transfer funds between accounts using Online Banking or Mobile Banking so that you maintain enough funds in your checking account for purchases or withdrawals.
  • Account Alerts through Online Banking can send you a reminder alert when your account goes below your set balance threshold.
  • TouchTone (Telephone) Banking provides easy access for customers on the go to check account balances or transfer funds.

Contact your local Bank of Marin branch today to discuss your Overdraft Protection options.

Standard Overdraft Practices

  • Bank of Marin does authorize and pay overdrafts for checks and other transactions associated with your checking account such as automatic or recurring bill payments.
  • Bank of Marin does not authorize and pay overdrafts for ATM transactions and everyday debit card transactions. These transactions will be declined if funds are not available.
  • Bank of Marin does pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
  • If Bank of Marin does not authorize and pay an overdraft, your transaction will be returned or declined.
  • Bank of Marin does charge an overdraft fee of $30 per item, whether paid or returned. There is a limit of 3 overdraft per item fees per day you can be charged for overdrawing your account.

Overdraft Practices – Questions & Answers

How can Bank of Marin’s Overdraft Solutions help me?
If you make a transaction, but do not have enough money in your account, overdraft protection will cover the cost of the transaction up to your available credit limit or funds balance. Bank of Marin offers two choices of Overdraft Solutions, Overdraft Credit Link and a transfer from another deposit account. To sign up for either of these options, please contact your local Bank of Marin branch.

Are there other ways that I can still overdraw my account?
Yes. Payments made by checks, and other transactions using your checking account number, plus recurring and automatic bill payments may still overdraw your account. Bank of Marin may continue to provide overdraft services for these types of transactions and charge you an overdraft item fee, up to 3 per day. Bank of Marin pays these overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be returned or declined.

What is the difference between single, everyday debit card transactions and recurring debit card transactions?
Single, everyday debit card transactions are one-time purchases you make during your daily spending. This can include one-time transactions at stores, online, or over the phone. Recurring debit card transactions are the regular payments you set up with businesses ahead of time by providing your checking or debit card number and authorizing on an ongoing basis. This includes monthly membership fees and bills such as utility and phone bills.