Overdraft Privilege | Opt in

What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when the ledger balance of your account is not sufficient to cover a transaction, but we pay or cover the transaction anyway. We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft programs, such as a link to a secondary Mercantile account or to an overdraft line of credit, which may be less expensive than our standard overdraft practice. To learn more, ask us about these programs.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following type of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We will not authorize and pay overdrafts for the following type of transactions unless you ask us to (see below):

  • Everyday debit card transactions
  • ATM transactions

We pay 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 declined.

What fees will be charged if Mercantile pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $29.95 each time we pay an overdraft.
  • Also, if your account is overdrawn for more than four business days, we will charge an additional $4.95 per day, starting on the 5th business day.
  • There is a limit of four overdraft/paid item fees and one continued overdraft fee per day we will charge you for overdrawing your account.

What if I want Mercantile to authorize and pay overdrafts on ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and debit card transactions, complete the form below:


*For business accounts, please enter organization name as it appears in your account