Overdraft Privilege Terms and Conditions

Mistakes can happen so it’s always better to be prepared
  • Managing your account balance(s) should be a priority.
  • Knowing what our standard overdraft may cover is important.
  • Learning what fees may be assessed is always essential.

What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when the Available Balance on your account is not enough to cover a transaction (your Available Balance becomes a negative number), but we pay it anyway.  We can cover your overdrafts in two different ways:

  1.  We have Standard Overdraft Coverage that comes with your account.
  2. We also offer Overdraft Protection Services, such as a link to an overdraft line of credit (Preferred Credit Loan) or a transfer from another account (Overdraft Transfer Service), which may be less expensive than our Standard Overdraft Coverage.  To learn more, ask us about these plans.

This notice explains our Standard Overdraft Coverage.

  • What is the Standard Overdraft Coverage that comes with my account?

We may authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions (including electronic funds transfer) using your checking account number
  • Automatic bill payments
  • Recurring debit card transactions

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

  • ATM transactions
  • Everyday debit 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 or your item will be returned.

  • What fees will I be charged if I have an overdraft?

Under our Standard Overdraft Coverage:

  • We may charge you an Overdraft Fee of $35 for each item or transaction we pay that causes the Available Balance to become negative or occurs while the Available Balance on the account is negative.
  • If we return an item because you do not have enough of an Available Balance in your account to pay the withdrawal you are attempting from that account, we may charge you an NSF Return Item Fee of $35.
  • If your Available Balance at the end of the business day is negative $5.01 or more, we may charge you an Overdraft Fee for each paid item that causes the Available Balance to become negative or occurs while the Available Balance on the account is negative.  In other words, if your Available Balance at the end of the business day is negative $5.00 or less, we will not charge you an Overdraft Fee for any item.
  • There is a daily limit of five (5) combined Overdraft Fees and NSF Return Items Fees, or a total of $175.
  • What if I want First Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions under our Standard Overdraft Coverage, call 1-800-760-BANK (2265), log into eBanking to make your selection (under the “Customer Service” tab, select “Change ATM/Debit Card Overdraft”), provide electronic consent while opening an account online, or complete the form below and present it at a First Bank branch or mail it to: First Bank, ATTN: Overdraft Client Service Department, 600 McDonnell Blvd., Hazelwood, MO 63042.  You can also revoke your authorization for First Bank to authorize and pay overdrafts on ATM and everyday debit card transactions under our Standard Overdraft Coverage at any time by calling us, logging into eBanking, or using the form.

Click here to download the form.