An overdraft occurs when the Available Balance in your account (the funds in your account that have cleared and are available for use) goes below zero as a result of your account transactions, but we pay it anyway. We may cover your overdrafts in two different ways:
We have standard overdraft practices that come with your account.
We also offer overdraft protection that links your account to a secondary checking, savings, or line of credit (subject to credit approval), which may be less expensive than our standard overdraft practices. To learn more, ask an FNB representative about these Overdraft Protection options.
This notice explains our standard overdraft practices.
We may authorize and pay overdrafts for the following types of transactions:
Checks and other transactions made using your checking account number (for example, ACHs and recurring payments); and
Automatic bill payments.
We generally do not authorize and pay overdrafts for the following types of transactions unless you ask us to (both of which will immediately reduce your Available Balance at the time they are authorized):
ATM transactions; and
Everyday debit card transactions.
We pay overdraft transactions at our sole discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. Excessive overdrafts on your account may result in First National Bank not paying your overdrafts and/or closure of your account.
We may pay and not charge a fee for ATM/everyday debit card transactions that are authorized (approved) on a positive Available Balance sufficient to cover your purchase that settle against an insufficient balance due to subsequent transactions.
Under our standard overdraft practices:
We will charge you a fee of up to $35 each time we choose to pay an overdraft.
We will charge you a fee of up to $29 each time we return an item unpaid.
You will not be charged more than $140 on any business day for any combination of overdraft and returned item fees.
You will not be assessed an overdraft or returned item charge on any transaction of $5.00 or less.
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please call our Contact Center at 1‐800‐555‐5455 or stop by your local branch office.
You have the right to revoke this choice at any time by calling our Contact Center or visiting your local branch office.
For more information on our deposit account practices and a description of how your Available Balance is impacted as a result of your account transactions, please refer to your Deposit Account Agreement. You also can find information about our posting order and how preauthorized point‐of‐sale debit card transactions affect your account by clicking on the video, Managing Your Checking Account, found at www.fnb‐online.com/learn.
Revised 2/21/2023