What does Oxford Bank provide in the form of checking account overdraft protection?
For peace-of-mind and the ultimate in convenience, Oxford Bank offers checking account customers the opportunity to apply for an Overdraft Protection line of credit. This credit line kicks in when your checking account reaches a zero balance. It provides the ability to write a check for more than your cash balance and the opportunity to write your own loan check when and where you need it most. Oxford Bank also offers Bounce Protection which is an overdraft privilege requiring no action on your part. With no paperwork to sign, your Bounce Protection will be automatically assigned. As long as you maintain your account in good standing (defined as making regular deposits and bringing your account to a positive balance at least once every 30 days), Oxford Bank may honor overdrafts up to the Bounce Protection limit on your account. The bank’s normal non-sufficient funds (NSF) fee of $20 for each transaction will be deducted from your limit. You will receive an overdraft notice in the mail
