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:
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 transaction 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.
Under our standard overdraft practices:
If you want us to authorize and pay overdrafts on ATM and everyday check card (debit card) transactions, call or stop by your local MidWestOne Bank location, call 800-247-4418, print this form and mail it to MidWestOne Bank, PO Box 1700, Iowa City, IA 52244-1700, or complete the secure electronic form below.