Overdraft Privilege Extended Coverage 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. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to another 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 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.

What fees will I be charged if First International Bank & 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
  • We will not charge you a fee for any item of $10 or less that causes an overdraft
  • We will not charge you a fee if your account is overdrawn by $10 or less on any given day
  • If your account is overdrawn for 5 or more consecutive business days, we will charge an additional $30 each 5th Business day the account remains overdrawn unless your account is overdrawn $10 or less.
  • There is a limit of $210 per day on the total fees we can charge you for overdrawing your account
What if I want First International Bank & Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 1-800-359-8092, stop by your local branch, complete the form below, or print it out and mail it to: PO Box 607, Watford City, ND 58854.

You can revoke your authorization for First International Bank & Trust to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and your account number so that we can properly identify your account.


Complete the form