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Accidentally overdrawing your account can be costly and embarrassing. MCT offers overdraft protection to help you stay covered even when mistakes happen.

Courtesy Overdraft

We’ll protect overdrafts of your account up to $550. This covers ACH withdrawals and check clearings. The fee is $30 per item. The overdraft must be repaid within 30 calendar days from the day the advance was made to bring the negative balance to a positive balance. After 30 days overdrawn, all items presented for payment will be returned.

To qualify, your account must be open, active and in good standing for the first 30 days. To receive overdraft protection service for your ATM and debit card transactions, you must enroll at one of our branch locations.

Overdraft Sweep

Funds will automatically transfer from the account you designate to cover any overdrafts. There is a $5 charge per transfer. If you elect to have the funds sweep from a savings account, Regulation D still applies and will only allow 6 electronic transfers per month. You may have this protection along with Courtesy Overdraft. Courtesy Overdraft would be used as a back-up in the event that your sweep is unable to cover an overdraft. Please contact a Member Service Representative to enroll.

Line of Credit Overdraft Protection

You can also use a personal line of credit as overdraft protection for your MCT checking account. To get started, you’ll need to apply for and establish your personal line of credit first. Once your line of credit is linked to your checking account for overdraft protection, funds will automatically transfer to cover any overdrafts. There is a $5 charge per transfer.

Even if you have overdraft protection through a line of credit, you may still enroll in Courtesy Overdraft. Courtesy Overdraft will be used as a back-up in the event that your line of credit is unable to cover an overdraft.

Learn More 

To learn more, please call us at 409-727-1446 or 800-846-1751. Or visit your local branch.