An overdraft occurs when you DO NOT have enough money in your account to cover a transaction, BUT WE PAY it anyway. We may cover your overdrafts in two (2) different ways:

• We have standard overdraft practices that may come with your account
• We also offer overdraft protection plans, such as a link to your savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

We DO authorize and pay overdrafts for the following types of transactions.

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

We DO NOT authorize and pay overdrafts for the following types of transactions after August 15, 2010 unless you ask us to (see below):

• ATM Transactions
• Everyday debit card transactions (also known as Point of Sale or POS 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 I be charged if MARION STATE BANK pays my overdraft?

Under our STANDARD OVERDRAFT PRACTICES;

• We will charge you our standard fee each time we pay an overdraft item ($5.95, $10.95 or $29.95 depending on the nature of your overdraft). Fees are subject to change any time with adequate notice.
• Also, if your account is overdrawn for 3 or more consecutive days, we will assess an additional $6 fee per day. We will subsequently assess fees of $6 per day, on every third day the account is overdrawn.

What if I want MARION STATE BANK to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, you may visit any of our branches or fill out the below Opt In/Decline Online Form and click submit.

Overdraft Discretionary Policy

Opt In/Decline Form

Alternative Ways to Opt In/Decline