What You Need to Know about Overdrafts and Overdraft Fees
An overdraft occurs when you do not have enough money in your account to cover a
but we pay it anyway. We can cover your overdrafts in two different ways:
1. We have standard
overdraft practices that come with your account and are also
incorporated into our OverdraftHonor™
2. We also offer
overdraft protection plans, such as a line of credit or link to a savings
account, which may be less expensive than
our standard overdraft practices. To learn
more, ask us about these plans.
This notice explains our standard overdraft
What are the standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:
• Checks and ACH transactions made using your checking account number
• Automatic bill payments
After August 15, 2010, we will not
authorize and pay overdrafts for the following types of
transactions unless you ask us to (see below):
• ATM transactions
• Everyday debit card transaction.
We pay overdrafts at our discretion, which means we
do not guarantee that we will always
authorize and pay any type of transaction.
If we do not authorize and pay an
overdraft, your transaction will be declined.
What fees will I be charged if First National Bank pays my overdraft?
Under our standard overdraft practices:
• We will charge you a fee of up to $37 each time we pay an overdraft.
• Also, if your account is overdrawn for 3 or more consecutive business days, we will
charge an additional $12 every third business day that your account is overdrawn.
• There is no limit on the total fees we can charge you for overdrawing your account.
What if I want First National Bank to authorize and pay overdrafts on ATM
everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card
call 800-555-5455, stop by your local branch office or complete the form below and