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Home : Personal Banking : Checking : Overdraft Protection
What You Need to Know about Overdrafts and Overdraft Fees

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 ways:

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to your savings account or an overdraft credit line, which may be less expensive. 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 transactions:

  • 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 (see below):

  • 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 The Middlefield Banking Company pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $35 each time we pay an overdraft. There is a limit of up to 5 overdraft fees assessed per day.

What if I want The Middlefield Banking Company 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 transaction, complete the form below.

To complete this form, items with a must be completed. This is a SSL secure form.

First Name
Middle Name
Last Name
Residential Address
Mailing Address
City
State
Zip Format: xxxxx
Contact Information
Day Time Phone
Account Information Information
Account Number
   I want Middlefield Banking Company to authorize and pay overdrafts on my ATM and everyday debit card transactions.
I do not want Middlefield Banking Company to authorize and pay my ATM and everyday debit card transactions.
Electronic Signature

You electronically sign this form by entering your name and email address, checking the box below and then entering the date.

Your full name
Your email address
Check that you acknowledge this form
Today's Date Format: xx/xx/xxxx

We charge up to $35.00 each time we pay an overdraft. There is no limit to the number of overdraft fees assessed per day.

Fees may be imposed for covering overdrafts created by check, in-person withdrawal, ATM transaction, debit card purchase or other electronic means. If you have opted out of The Middlefield Banking Company Overdraft Privilege no fees will be imposed on ATM and everyday debit card transactions.

Your deposit account agreement with us requires overdrafts to be repaid immediately.

Whether we will pay your overdrafts is discretionary and we reserve the right not to pay them. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts.