What is Oxford Bank's policy on overdrafts?

Oxford Bank has established a comprehensive policy regarding overdrafts to provide clarity and support for its account holders. Overdrafts occur when an account balance falls below zero due to transactions such as checks, debit card purchases, or automatic payments. When this happens, the bank may cover the shortfall, allowing the transaction to proceed. However, it is important to note that financial institutions, including Oxford Bank, typically charge fees for overdraft occurrences. Oxford Bank generally offers various overdraft protection options that customers can utilize. For instance, customers may link their checking accounts to a savings account or a line of credit to cover any overdrafts, which could help minimize fees. Customers should also be aware that their eligibility for such programs may vary based on individual account usage and account history. Additionally, it is advisable for account holders to monitor their balances regularly to avoid overdrafts. If you are seeking specific details about fees, limits, and protection options, the best approach would be to check the current information provided on Oxford Bank's official website, where further guidance and resources are available.