What happens to my linked accounts (dynamic transfers) set up to cover overdrafts?
If you currently utilize dynamic transfers with BloomBank, utilizing an account or line of credit to fund overdrafts, these accounts will function the same. BloomBank Chek Guard customers will receive a separate billing statement from MutualBank. If you have multiple accounts protecting your checking account, MutualBank’s overdraft protection will pull first from your savings or checking accounts set up to protect, then your line of credit that is set up, if funds are still needed. MutualBank’s fee for this service is $3.00 per transfer. You can find more details about Overdraft Protection here.