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 transaction, but we pay it anyway. We can cover your overdraft in the following way:
- We offer an overdraft protection plan, such as a 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 practices.
What are the standard overdraft practices that come with my account?
We may authorize and pay overdrafts for the following types of transactions at our discretion:
- Checks and other transactions made using your checking account number
- Automatic bill payments
- ACH debit transactions
- Recurring debit card transactions
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to on this OPT In form.
- 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.
What fees will I be charged if FCB Banks pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of up to $30 each time we pay or return an overdraft.
- If your account is overdrawn for 5 or more consecutive business days, we will charge an additional $30 every 5 days.
- You will incur no more than 5 charges for NSF items, paid or returned, per business day.
What if I want FCB 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 complete this form or visit any FCB Banks location to fill out the Overdraft Authorization Opt In form.We need your permission to authorize and pay overdrafts on your ATM and everyday debit card transactions on your checking accounts at FCB. Please fill out this information, list all of your checking accounts, and select whether you wish to "Opt In" to this service on that account. Please refer to FCB's website for a full description of our Overdraft Allowance service. |
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