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:
We have standard overdraft practices that come with your account.
We also offer overdraft protection plans, such as a link to another account or a line of credit, which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
We do authorize and pay overdrafts for the following types of transactions:
We will not authorize and pay overdrafts for the following types of transactions without your consent.
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.
Under our standard overdraft practices:
We will charge you a fee of up to $36 each time we pay an overdraft
We will not charge you a fee if your account is overdrawn by $5 or less on any given day
There is a limit of $216 per day on the total fees we can charge you for overdrawing your account
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the consent form below, call us at (800) 971-4671, or come by one of our convenient financial center locations.
You can revoke your authorization for First Community Bank 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.