Overdraft Protection Services

Overdraft protection is the kind of service you rarely think about until the moment you need it. For example, you might forget to transfer funds to pay your bills, or just lose track of the balance in your account.

You may avoid paying overdraft and item returned fees and enjoy peace of mind with BMO Harris Overdraft Protection Services. We offer two Overdraft Protection Services:

1. Overdraft Funding — transfers funds from a linked deposit account
2. Overdraft Protection Line of Credit — transfers funds from a line of credit

Both services are optional and may help meet your needs, and you only pay for them when you use them. These Overdraft Protection Services can transfer funds to pay checks, ACH, bill payments, transfers, ATM and everyday debit card transactions.

It's important to realize that although Overdraft Protection Services have fees associated with their use, they can be invaluable in certain circumstances and may be less expensive than overdraft and item returned fees. Best of all, it costs nothing to keep them available, just in case you need them.

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Compare Overdraft Protection Services

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	Overdraft Funding3	Overdraft Protection Line of Credit
How it works	Money is transferred automatically from your linked BMO Harris savings, money market or other checking account Transfers are subject to funds availability and transaction limits	Your line of credit is accessed automatically in increments of $10 to cover the overdrawn amount up to your available credit limit You must apply and qualify for the Overdraft Protection Line of Credit
What it costs*	$10 Overdraft Funding Transfer Fee One fee per transfer; one transfer per business day4 The Overdraft Funding Transfer Fee is included in the amount transferred if there are sufficient available funds This fee is waived for transfers into BMO Harris Portfolio Checking® and Wealth Checking accounts	$10 Advance Fee One fee per advance; one advance per business day4 This fee is waived for transfers into BMO Harris Portfolio Checking® and Wealth Checking accounts A fixed 18% Annual Percentage Rate (APR) applies to outstanding balances $15 Late Payment Fee
This service may be a good option if	You have another BMO Harris personal deposit account that you want us to link to your checking account	You don't have another BMO Harris deposit account, don't want to link to one or want a service in addition to Overdraft Funding You prefer the flexibility and convenience of a line of credit
Next steps	You can arrange for Overdraft Funding by speaking with a BMO Harris Banker today	An Overdraft Protection Line of Credit requires an application, which you may complete in person at a branch or over the phone

Overdraft Funding3	Overdraft Protection Line of Credit
How it works
Money is transferred automatically from your linked BMO Harris savings, money market or other checking account Transfers are subject to funds availability and transaction limits	Your line of credit is accessed automatically in increments of $10 to cover the overdrawn amount up to your available credit limit You must apply and qualify for the Overdraft Protection Line of Credit
What it costs*
$10 Overdraft Funding Transfer Fee One fee per transfer; one transfer per business day4 The Overdraft Funding Transfer Fee is included in the amount transferred if there are sufficient available funds This fee is waived for transfers into BMO Harris Portfolio Checking® and Wealth Checking accounts	$10 Advance Fee One fee per advance; one advance per business day4 This fee is waived for transfers into BMO Harris Portfolio Checking® and Wealth Checking accounts A fixed 18% Annual Percentage Rate (APR) applies to outstanding balances $15 Late Payment Fee
This service may be a good option if
You have another BMO Harris personal deposit account that you want us to link to your checking account	You don't have another BMO Harris deposit account, don't want to link to one or want a service in addition to Overdraft Funding You prefer the flexibility and convenience of a line of credit
Next steps
You can arrange for Overdraft Funding by speaking with a BMO Harris Banker today	An Overdraft Protection Line of Credit requires an application, which you may complete in person at a branch or over the phone

* Even if your account has an Overdraft Protection Service, the fees listed on the Fees tab for overdrawing your account still apply if you do not have sufficient available funds or credit availability for us to make a transfer or an advance. If you have Overdraft Funding, the fees listed on the Fees tab also apply if you don't have sufficient available funds to pay the Overdraft Funding Transfer Fee or if you have reached the transaction limitations for the linked account that the funds would be transferred from. If you have an Overdraft Protection Line of Credit and do not have sufficient credit availability to cover an item(s), the item(s) will be returned, and Item Returned Fees would apply.¹

Overdraft Program for ATM and Everyday Debit Card Transactions

By opting into this Program, you authorize us to use our discretion to pay ATM and everyday debit card transactions that would overdraw your account.

If you do opt-in, and we use our discretion to pay those transactions, the Overdraft Fee and Consecutive Day Overdraft Fee, described on the Fees tab, will apply to the transactions.²

You can opt-in to the Overdraft Program for ATM and Everyday Debit Card Transactions or revoke your election by talking with a BMO Harris Banker or logging in to BMO Harris Online Banking^® and modifying the Overdraft Program preferences on your account.

Fees Associated with Overdrawing Your Account

Overdraft Fee: You will be charged a $35 fee for each item we pay (regardless of the amount of the item) when your account is overdrawn more than $5 after all items are posted to the account. A maximum of four Overdraft Fees will be assessed per business day.⁴ This fee does not apply to ATM and everyday debit card transactions unless you authorize us to pay them. This fee does not apply to bank fees and service charges that overdraw your account.

Item Returned Fee (NSF Fee): You will be charged a $35 fee each time we return an item unpaid because your account does not have sufficient available funds to pay the item. This fee does not apply to declined ATM and everyday debit card transactions. A maximum of four Item Returned Fees will be assessed per business day.⁴

Consecutive Day Overdraft Fee: You will be charged a $5 fee for each business day⁴ your account is overdrawn in any amount after your account is overdrawn for three consecutive business days. You will be charged this fee even if your account is only overdrawn due to bank fees and service charges. A maximum of 10 Consecutive Day Overdraft Fees will be assessed for each occasion your account remains overdrawn.