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Morrill & Janes Bank

 Overdraft Privilege

A convenient benefit available with your Morrill & Janes Bank personal checking accounts.


Overdraft Privilege means that we may pay your non-sufficient funds (NSF) checks and fees up to a preapproved limit. This feature will save you time, embarrassment and the additional fees charged by many other companies when a check is returned.

The Overdraft Privilege may allow you to overdraw your account up to:

  • $100.00 initial Overdraft Privilege on personal checking accounts opened less than 35 calendar days. 
  • $500.00 Overdraft Privilege on personal checking accounts opened more than 35 calendar days and in good standing.
  • $800.00 Overdraft Privilege on personal checking accounts opened more than 35 calendar days, accounts are in good standing, and accounts having recurring direct deposits.

These limits include non-sufficient funds (NSF) and/or overdraft (OD) charges. Accounts opened via the Internet are not eligible for Overdraft Privilege unless the account owners reside in Brown, Doniphan, Nemaha, or Pottawatomie counties in Kansas

When you access your overdraft privilege our normal per item NSF/Overdraft handling fee will apply - as set forth in our Service Fee Schedule — the same as if we returned your check unpaid. You will not be charged if the balance in your account, after paid transactions, is overdrawn $10.00 or less.

  • $25.00 non-sufficient fee (NSF) for each transaction presented for payment against accounts with non-sufficient funds. Up to a maximum NSF fee of $100.00 per business day.
  • $3.00 daily overdraft fee for each consecutive calendar day starting the 4th calendar day that your account continues to have a negative balance.

CONDITIONS FOR THE PRIVILEGE: Naturally, it is always our policy to comply with all applicable laws and regulations and to conduct business in accordance with applicable safety and soundness standards. Accordingly your account must be in good standing to be eligible for Overdraft Privilege. For your account to be in good standing:

  1. you make at least one deposit to the account each month;
  2. you bring your account to a positive balance immediately or as soon as possible and at least once every 35 calendar days;
  3. you have no legal right to defer payment of your outstanding overdrafts including our fees;
  4. you are not in default on any loan obligation to us;
  5. your account is not the subject of any legal or administrative order or levy, such as bankruptcy or tax lien.

Whether your overdraft will be paid is discretionary and we reserve the right not to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you.

Overdraft Privilege Subject to Overdraft Privilege Policy and Funds Availability Disclosure Addendum and applies to checks, ACH transactions, and may apply to debit card and ATM  transactions.