Everyday life can be hectic, and mistakes happen!

Have you ever…

  • Made an honest mistake in your checkbook?
  • Forgotten to record a transaction, or had to guess at what transaction a joint owner has made?
  • Had unusual or unforeseen expenses at just the wrong time?

Occasional Overdraft Privilege Service (OOPS!™) gives you an extra level of protection against unanticipated cash flow emergencies and account reconciliation errors.

Rather than automatically returning unpaid all insufficient funds items that you may have, we will consider, without obligation on our part, payment of your reasonable overdrafts up to your assigned OOPS! Limit. You do not have to apply for this service and you do not need to sign any additional documents for the service. It is already a part of your Checking Account Agreement with us. With some exceptions most of our checking account types are eligible for this service. See “Ineligible Accounts and Limitations”; “Eligible Account Types; in the OOPS! Policy.

If you do not use the OOPS!  Service it costs you NOTHING. “Use” means you initiate insufficient funds transactions. If you do not use the OOPS! service you WILL be charged our customary fees set in the OOPS! Policy. If you have any questions concerning the OOPS! service, please contact a Personal Banker at any Milford Federal Bank location.

As always, we encourage you to manage your finances responsibly, overdrafts should not be used to pay ordinary or routine expenses and you should not rely on overdrafts as a mean to cover these expenses. If at any time you feel you need help with your financial obligations please contact one of our Personal Bankers at 800-478-6690.   View Milford Federal Bank’s OOPS! Policy