What is BankMobile's overdraft policy?

BankMobile's overdraft policy aims to assist customers in managing their finances responsibly. Unlike traditional banks, BankMobile does not charge any overdraft fees on consumer accounts. This means that if a customer accidentally overdraws their account, they will not face any additional charges or penalties. However, it is important to note that any transactions resulting in a negative balance may be declined. BankMobile encourages customers to carefully monitor their account balances and ensure sufficient funds are available to cover transactions. Furthermore, customers can opt into BankMobile's optional "Debit Card Overdraft Service" which allows them to overdraw their account for a fee. This service provides flexibility but should be used judiciously to avoid incurring additional charges. Overall, BankMobile's overdraft policy prioritizes customer convenience and aims to promote responsible financial management.