MB Overdraft options

MB offers several ways to have a backup plan in place should emergencies happen. Being prepared means you’ll be able to cover purchases and may avoid overdraft charges.

Link to an MB savings account

Once you’ve set up the link, we’ll automatically move money from your MB savings account to your MB checking accountfootnote when needed to avoid overdraft fees.

  • No cost to link accounts
  • A $10 fee per automated transfer applies

Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you link your MB checking account to your MB savings account.

ReserveLink line of credit

This is an unsecured line of credit tied to an MB checking account that can be used as backup funds for unexpected expenses.

  • This service provides a loan, and current interest rates are charged
  • Requires credit approval
  • A one-time $50 processing fee applies
  • You won’t be charged overdraft fees, but interest on the amount you borrow will applyfootnote

Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you apply for a ReserveLinkTM line of credit.

1 Link to savings account. There must be sufficient funds in the linked savings account to cover transactions. To access funds via a debit card transaction, opt-in to MB Guard My Card is required. Back to top

2 To add MB Guard My Card to your account, the account must remain in Good Standing. Good Standing is defined as continually meeting the following criteria: active status; open at least thirty (30) days; deposit made in last thirty (30) days; balance that is not negative for more than fifteen (15) consecutive calendar days; no holds including garnishments, levies, or citations (whether legal or otherwise) outstanding currently; no checks that you have deposit that have been returned unpaid; and the account holder or holders are not in default on any loan obligation to the bank. The bank may pay overdrafts up to $500 on qualified checking accounts. You may incur more than one overdraft fee per day. You pay overdraft fees for overdrawing your account but you are not charged extra (unless your account remains overdrawn for 2 or more consecutive calendar days) in exchange for the bank honoring your withdrawal even though funds are not available. Non-sufficient Funds (NSF/OD) or Uncollected Funds (UCF) Fee Paid or Returned occur when you do not have sufficient available funds to pay an item. We define available balance as the current balance minus any pending debit card purchases, automatic payments, processing checks, or other debits in your account. The order in which debits are paid may be important if there is not enough money in your account to pay all items that are presented. Please see the “Payment Order of Items” section of your Account Disclosure Information for more information. If you do access MB Guard My Card, the account should be brought positive as soon as possible to avoid additional fees and possible referral to a collection agency. Please carefully read the complete Guard my Card Terms and Conditions (PDF). Debit card for qualified account holders only. Back to top

3 ReserveLink™. This is a fixed rate loan product. Minimum payments must be made of $25 or 5% of the outstanding loan balance, whichever is greater. Closing of the linked checking account, for any reason, requires the pay off of the entire outstanding balance immediately. To access funds via a debit card transaction, opt-in to MB Guard My Card is required. Back to top

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Sunday: 9 a.m. to 5 p.m.

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