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BMO Same Day GraceSafeguard against declined transactions, unwanted fees and returned cheques. Find out everything you need to know about BMO overdraft protection services. What Is BMO Harris Bank's Overdraft Limit? You overdraw your BMO Harris checking account by up to $50 without being subject to overdraft fees. You can overdraft your BMO Harris account with a recurring debit card payment, ACH transfer, or check by attempting to make a purchase or withdrawal.