Overdraft Privilege
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Overdraft Privilege

Female calling bank for Overdraft Protection

Overdraft Privilege

As a business owner, managing the unexpected is just a part of the job. Cash flow fluctuates. Mistakes happen. We get it. With First Bank's Overdraft Privilege, you'll have the peace of mind knowing you're covered if an overdraft occurs.

How does Overdraft Privilege work?

First Bank will have the discretion to pay overdrafts within the Overdraft Privilege limit of $1000.00, but payments by First Bank is a discretionary courtesy and not a right of the customer or an obligation of First Bank to create an agreement or course of dealing on our part to allow overdrafts on any occasion. We will charge you a fee of up to $35 each time we pay an overdraft transaction. We will charge the fee for the first 15 items that overdraw your account on any one day, or a total of $525.00. Any and all fees and charges, including without limitation the NSF fees (as set forth in our fee schedules), will be applied and may exceed the maximum overdraft (negative) balance. Debit items may not be processed in the order in which they occur or are received by First Bank and, as a result, this may affect the total overdraft fees you incur.

Overdraft Privilege Chart Two

Other Options to Protect Your Accounts

Account Alerts 
It's easy to manage your accounts in Business eBanking by setting up Alerts. You will be notified when your account balance reaches a predetermined dollar amount. Go to the Administration tab and click on Manage Alerts. 

Linking to a Business Line of Credit or Business Savings Account 
By linking your business checking account to a business line of credit or business savings, funds are automatically transferred and you avoid overdraft fees.

To Opt-Out of Overdraft Privilege

Contact your local branch or call 800-760-BANK. As a reminder, if you choose to opt-out, and your account is not enrolled in the Overdraft Privilege for businesses, debit card and ATM transactions will be declined if there isn't enough money in your checking account.

*First Bank will have the discretion to pay overdrafts within the Overdraft Privilege limit of $1000.00, but payments by First Bank is a discretionary courtesy and not a right of the customer or an obligation of First Bank to create an agreement or course of dealing on our part to allow overdrafts on any occasion. We will charge you a fee of up to $35 each time we pay an overdraft transaction. We will charge the fee for the first 15 items that overdraw your account on any one day, or a total of $525.00. Any and all fees and charges, including without limitation the NSF fees (as set forth in our fee schedules), will be applied and may exceed the maximum overdraft (negative) balance. Debit items may not be processed in the order in which they occur or are received by First Bank and, as a result, this may affect the total overdraft fees you incur. Exclusions to Overdraft Privilege may include, but are not limited to, clients with five (5) or more First Bank Small Business Checking accounts, or clients with a First Bank business lending relationship.