Marion County Bank understands that an overdraft to your checking account can be caused by any number of reasons.  A mistake that results in an overdraft does not necessarily reflect your financial habits.  That’s why we offer three convenient options to help you avoid unwanted overdrafts:

Ready Reserve

A Ready Reserve acts as a line of credit that is activated when a check or debit that exceeds your current checking account balance is presented for payment.  Funds (up to a predetermined limit) are automatically transferred into your account in increments of $100 to cover the shortfall.  Repayment is easy too!  Monthly payments of $25 or 2% of the credit line balance, whichever is greater, will be automatically deducted from your checking account.  Interest is collected only on the outstanding credit line balance.  Click here for a Ready Reserve application, complete it and return it to one of our Consumer Loan Officers for their prompt review.  

Home Equity Line of Credit (HELOC)

A HELOC works in much the same way as the Ready Reserve.  But because HELOCs are secured by the equity in your home, their limit amounts can be larger and the interest you pay is usually income tax deductible.  Click here for a HELOC application, complete it and return it to one of our Consumer Loan Officers for their prompt review.

Savings AutoTransfer

A Savings AutoTransfer is an automated transfer of funds from your savings account to cover overdrafts in your checking account.  There is a $3 fee for each transfer.  Visit with one of our Customer Service Representatives for details.