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Overdraft Protection

Mistakes happen.  Are you covered?

Get the overdraft protection you need when spending outpaces your checking account balance.

Every now and then all of us run into a situation when the money we are spending at a given moment is more than we have available.  At Macatawa Bank we understand that mistakes happen.  For those instances, we offer overdraft protection options to save you from the embarrassment, additional merchant fees or other problems that might result from being overdrawn on your checking account.

Balance Protection


Today we can access our money anytime and anywhere through electronic payment options.  Balance Protection links your Macatawa Bank personal checking account to another Macatawa Bank account – such as a personal savings, money market or another checking account Balance Protection automatically transfers available funds to cover purchases and prevent declined transactions if you do not have enough money in your personal checking account.
Here’s How Easy Balance Protection Works:

Balance Protection is a service that links your personal checking account to one of your alternate deposit accounts to cover overdrafts.  Your alternate linked account may include your personal savings, money market or other checking accounts.
When your personal checking account does not have sufficient funds to cover your transaction, funds are automatically transferred from your selected linked account to cover your transaction.  Funds will be transferred in increments of $100 (if less is available, then all remaining funds will be transferred) and a Balance Protection transfer fee will be assessed.
To learn more, please review our Balance Protection Authorization Agreement

Why Have Balance Protection Services On Your Account?

  • Easy to enroll and setup
  • Provides peace of mind & flexibility when you need to make a purchase
  • Helps prevent declined transactions
  • Transfer fee assessed only when you use it


Just give us a call at 877.820.2265 or stop by the branch location nearest you. 

Overdraft Privilege*


Overdraft Privilege is an easy way to avoid that momentary insufficient balance. It is a discretionary service designed to help prevent your insufficient funds items from being returned. With Overdraft Privilege, we have the discretion to cover your overdrafts caused by checks, ACH or in-person withdrawals up to your Overdraft Privilege limit (including fees) if you inadvertently overdraw your account. When your items are paid, it can save you the embarrassment and inconvenience of a returned check and any additional fees normally charged by merchants for items returned to them.
 

Overdraft Privilege helps protect you against the additional costs, embarrassment, and inconvenience of an accidental overdraft on your account by giving you a reserve for emergencies and unexpected situations. There is no charge for having this discretionary privilege on your account unless you use the service. If you do not overdraw your account, you will never be charged an overdraft fee.

What Does It Cover? 

  • Checks
  • ACH / Preauthorized Debit Transactions
  • Recurring Debit Transactions
  • In-Person Teller Withdrawals
  • Telephone Transfers
  • Bill Pay Transactions 

Why Have Overdraft Privilege On Your Account?

  • Convenience and flexibility in covering your payments
  • Less likely to incur expensive merchant returned checks
  • No additional fees for having this service if you do not use it
  • It protects your account against:
    • Unforeseen expenses that may drain your account
    • A delay in an expected deposit
    • Honest mistakes in balancing your checkbook

Click here if you would like to review our Overdraft Coverage Disclosure (PDF)

 

No Coverage


You can remove the discretionary Overdraft Privilege coverage entirely by contacting us at any time at (877) 820-2265 or stopping by the location nearest you. This means if your checks or ACH transactions exceed the available balance in your account, they will be returned to the payee and you will be charged a returned item fee in addition to whatever fees the merchant may charge you for items returned for insufficient funds.



*Overdraft Privilege is subject to eligibility requirements and fees may apply. 

Depositor and each Authorized Signatory will continue to be liable, jointly and separately, for all overdraft and fee amounts, as described in your account Terms and Conditions.  The total (negative) balance, including all fees and charges, is due and payable on demand. 


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We are here to walk you through any questions you may have. To schedule and appointment click the button to go to the schedule and appointment form or call us at (877) 820-2265.

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