No Return Benefit for Business

Providing protection and peace of mind for business checking customers.

No Return Benefit^SM can help give you an added level of protection against unanticipated cash flow emergencies and account reconciliation errors. Of course, we encourage our customers to manage finances responsibly, and to avoid overdrafts altogether, but services such as No Return Benefit^SM can help avoid the awkwardness, merchant fees, and other issues that can result from denied transactions.

For program details, qualifications, and considerations for the No Return Benefit^SM service, please see the Important Information About Your Account booklet.

How does my No Return Benefit^SM work?

With No Return  Benefit^SM, Bangor Savings Bank may honor and pay overdrafts up to the limit established for your account. Once the service is in place, it remains active as long as you maintain your account in good standing.

What does my No Return  Benefit^SM cost?

No Return Benefit^SM is available as a courtesy for our eligible checking account customers. There is no additional cost unless you draw against insufficient funds beyond our $5 grace threshold. The fee for paid NRB Items is $32 per item for non-personal accounts, as noted in our Common Fee Schedule.

What if I do not want to have No Return Benefit^SM on my checking account?

In the event you would like to cancel or terminate the NRB service from your account, you may do so by calling 1.877.226.4671. Canceling or terminating the NRB service may require the bank to return items to the payee when the account does not have sufficient funds to pay the item. The fee for Returned Items, is $32 per item for non-personal accounts, as noted in our Common Fee Schedule. Additionally, beginning on the third business day, a $5 per day Sustained Overdraft Balance fee may be assessed. 

How soon can I use my No Return  Benefit^SM?

You may use the overdraft limit assigned to your account within 30 days after opening the checking account, provided that you make at least two deposits that total twice the No Return  Benefit^SM limit for your account type. You will receive a letter in the mail notifying you when your account is enrolled.

What is my No Return Benefit^SM limit? If I have two checking accounts, can I get No Return Benefit^SM limit on both?

Locate your account type below to determine your No Return Benefit^SM limit. If you have multiple accounts you may have a No Return Benefit^SM limit on all eligible accounts.

• The Business Complete Checking No Return Benefit^SM limit is $1,000. If you have multiple accounts you may have a No Return Benefit^SM limit on all eligible accounts. 

How do I know when I have used my overdraft? What if I go beyond my No Return Benefit^SM limit?

You will receive an overdraft notice in the mail each time a transaction is paid against insufficient funds. Overdrafts above and beyond your established No Return Benefit^SM limit may result in items being returned to the payee. Note that the amount of any overdraft plus any applicable overdraft fee (as noted in the Common Fee Schedule) will be deducted from your No Return Benefit^SM overdraft limit.

How quickly must I repay my No Return Benefit^SM?

You should make every attempt to bring your account to a positive balance as soon as possible, and certainly no later than 30 days. If you are not able to do so, you will receive a letter from Bangor Savings Bank informing you of the situation and your options. If, after a period of time, your account has not been brought to a positive balance, we may suspend your overdraft limit and take other steps to recover funds.