ATM/Debit Card Overdraft Authorization Form

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 overdrafts in two different ways:

  1. Standard overdraft when you Opt-In to our discretionary Overdraft Privilege. (Refer to Overdraft Privilege disclosure for details.)
  2. We also offer overdraft protection plans, such as an automatic transfer from another deposit account, or a line 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 will 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.

>> What fees will I be charged if First Bankers Trust pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $30 each time we pay an overdraft.
  • Also, if your account is overdrawn for 5 or more consecutive business days, we will charge an additional $3 per day.
  • There is no limit on the total fees we can charge you for overdrawing your account.

>> What if I want First Bankers Trust 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 the form below and by clicking the submit button your request will be emailed securely to the bank. You may also print this form out and present it at a branch or mail to First Bankers Trust Company, P.O. Box 3566 Quincy IL 62305, Attn: Bookkeeping. Additionally, you may call 217-228-8000 and inform a Customer Service Representative that you do want us to authorize and pay overdrafts on ATM and everyday debit card transactions.

If you authorize the bank to pay overdrafts for ATM and everyday debit card transactions, you may revoke it at any time by completing the form below and by clicking the submit button your request will be emailed securely to the bank. You may also print this form out and present it at a branch or mail to First Bankers Trust Company, P.O. Box 3566 Quincy IL 62305, Attn: Bookkeeping. Additionally, you may call 217-228-8000 and inform a Customer Service Representative that you do not want us to authorize and pay overdrafts on ATM and everyday debit card transactions.

First Name*
Last Name*
Date*
Account Number*
Phone Number*
I/We do want First Bankers Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions.
I/We do not want First Bankers Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions.
 
*

By submitting this form, I/We agree to the information provided above.



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