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PLEASE READ BEFORE ENROLLING IN FIRST PREMIER BANK'S DEBIT CARD OVERDRAFT SERVICE

 

An overdraft occurs when you do not have enough money in your account to cover a transaction, 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.

2. We also offer overdraft protection plans, such as a link to Lines of Credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

 

This notice explains our standard overdraft practices.



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 other transactions made using your checking account number
  • Automatic bill payments

 

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM transactions
  • Everyday debit (check) card transactions

 

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 PREMIER BANK PAYS MY OVERDRAFT?


Under our standard overdraft practices:

  • We will charge you a fee of up to $34 each time we pay an overdraft.
  • Also, we will charge a continuous overdraft fee of $5 per business day.
  • There is no limit on the total fees we can charge you for overdrawing your account.
  • Overdrafts are payable upon demand.

 


WHAT IF I WANT FIRST PREMIER BANK TO AUTHORIZE AND PAY OVERDRAFTS ON MY ATM AND EVERDAY DEBIT CARD TRANSACTIONS?


All standard overdraft practices and fees will apply, including a fee of $34 each time we pay an overdraft on ATM and everyday debit card transactions.


If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions you may sign up any of these ways:

  • Visit with a First PREMIER Banker
  • Contact Us
  • Sign up online

 


By accepting below I authorize First PREMIER Bank to pay overdrafts on my ATM and everyday debit card transactions.

 

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