Don't Let This Happen to You...

What You Need to Know About Overdrafts, Overdraft Fees and Your Options

As a valued Mercantile MasterMoney Debit and ATM card user, we know how much you have come to appreciate the value and convenience your cards provide. Using your debit or ATM card makes your purchases and payments simple and fast, but depending on your account management style, it may also make it easier to overdraw your checking account and incur fees associated with overdraft services. As a result, the federal government has created new regulations regarding all overdraft protection programs, which went into effect on July 1, 2010.

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
2. We also offer overdraft protection plans, such as a link to a savings account, 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.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

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

  • ATM transactions
  • Everyday debit card transactions

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 Mercantile Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $28.00 each time we pay an overdraft.
  • Also, if your account is overdrawn for 4 or more consecutive business days, we will charge an additional $3.00 per day.

What if I want Mercantile Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 217-223-7300, visit, or complete the form below and return it to any branch or mail it to: Mercantile Bank, PO Box 3455, Quincy IL 62305-3455.

Opt In Form

Please note:This election is only for the account referenced above. If you have more than one checking account, please complete and submit a separate form for each account

or Cancel