It is always best to prevent overdrafts from happening but mistakes do happen. You may choose to participate in any of our programs that work best for you or choose none at all. It's your choice! Before making a choice it is a good idea to review the information below and our Overdraft Policy.
Overdraft Service Options
|Option 1*||Option 2||Option 3|
|Automatic Transfers from a First Bank and Trust or Money Market account, Checking or Savings account||Overdraft Privilege||Opt In for One-Time Debit Card Transactions|
|This option links your First Bank and Trust checking account to a savings or money market and will transfer funds automatically when your checking account does not have enough funds to cover your transactions. If you write a check, authorize a payment or withdraw cash when there isn't enough money in your checking account, we will transfer available funds automatically to your checking account to cover the amount. Be sure to keep enough funds in your linked savings or money market account for transfers.||First Bank and Trust offers Overdraft Privilege to our customers for checks, bill payments, ACH payments and reoccurring debit card transactions. This is an Opt Out Program. If at any time you would like to discontinue participating in Overdraft Privilege or would like more information, contact Customer Service at 1-877-426-2498 or one of our local branches.||As of August 15, 2010, changes to the regulations for Overdraft Services have changed. In order for First Bank and Trust to pay a one time, everyday debit card transaction, you must give us your consent or Opt In to the service. As with our Overdraft Privilege Program, you can change your mind at any time by notifying any branch location.|
||Please contact a branch office to Opt In today.|
|$7.00 per automatic transfer
First Bank & Trust will determine the amount of overdraft fees or returned item fees based on the total number of items presented during the previous 12 months including the current day.
|$35.00 per transaction presented when there are insufficient funds in the account||$35.00 per transaction presented when there are insufficient funds in the account|
How to Avoid Overdrafts – Partnership between you and your bank, First Bank and TrustEven though the unfortunate happens from time to time and overdrafts do occur, First Bank and Trust is providing you with services and information to help protect yourself from reoccurring overdrafts.
* Savings and money market accounts are limited to 6 withdrawals each monthly statement cycle per Regulation D. Automatic transfers are included in the 6 withdrawals allowed. Each transaction that exceeds the 6 allowable transactions in a statement cycle will be charged a fee. The maximum number of paid and/or returned items fee is 6 per day at a rate of $35.00. First Bank and Trust allows a consumer to be overdrawn up to $3.00 without assessing an overdraft fee.
If an account remains overdrawn for more than 5 days, First Bank and Trust charges a continual overdraft fee of $32.00. This fee is assessed every 5 days the account remains overdrawn.