What you need to know about overdrafts and overdraft fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it 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 protection plans, such as a link to a checking or savings account or to a home equity line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

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

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

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 MidWestOne Bank pays my overdraft?

What if I want MidWestOne Bank to authorize and pay overdrafts on my ATM and/or everyday check card transactions?

If you also want us to authorize and pay overdrafts on ATM and/or everyday check card transactions, complete and submit the form below and select the "I WANT" box. You can also visit your local branch or call 1-800-247-4418.


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