Overdraft Protection

Ensure your transactions are covered with overdraft protection.

An overdraft can occur if the dollar amount of a transaction exceeds the amount of funds available in your checking account. We provide several options to help you prevent or manage overdrafts and can provide you with peace of mind that your transactions will clear.

The easiest way to prevent overdraft fees is to monitor your balance with Think Online or by maintaining your balance with a check register as you make purchases and payments. It's also a good practice to build a cushion of funds in your account to prevent unintentional overdrafts and related fees.

Overdraft protection options

Standard overdraft practice

With our standard overdraft practice, we may automatically advance funds to your account if you overdraft to ensure the checks you write or your electronic bill payments clear.* This standard overdraft practice can provide you with confidence that your payments will clear and it's included standard with every checking account.

Our standard overdraft practice does not cover transactions made with a debit card or cash withdrawals at an ATM. Consider the following options for expanded protection:

Linked account or line of credit

This option includes our standard overdraft practice above, plus a choice of the following:

  • Link your checking account to a savings account and draw from it to cover your overdrafts.
  • A line of credit can also be linked to your checking account to cover your overdrafts.

While there is a $5 fee to advance money automatically from both options, they are less expensive than an overdraft fee. These options do not cover transactions made with a debit card or cash withdrawals at an ATM unless you already have a line of credit.

Debit card overdraft protection

This option includes our standard overdraft practice above, plus the following protections:

We can also authorize overdrafts to help you avoid declined transactions while using your debit card or making cash withdrawals at an ATM. Choose debit card overdraft protection if you want this protection and are comfortable paying an overdraft fee for transactions made with your debit card.

We can help

If you'd like to add debit card overdraft protection, establish a linked account or line of credit, or discuss these options call us at 1-800-288-3425 or visit one of our branch locations.

* A $22 fee is charged for each overdraft. If your account is overdrawn for five or more consecutive business days an additional $5 overdraft fee will be charged each day. There is no limit on the total fees we can charge you for overdrawing your account. 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.

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Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The financial advisors of Think Financial Planning offer securities and advisory services through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser. Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment. Think Mutual Bank is not a registered broker-dealer or Registered Investment Adviser. Think Mutual Bank and Commonwealth are separate and unaffiliated entities. Fixed insurance products and services offered by CES Insurance Agency, Think Insurance, or Think Financial Planning. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901. Check the background of this firm on FINRA's BrokerCheck.

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