Our branches will be closed on Monday, May 27 in observance of Memorial Day. 

Overdraft Options

While we don’t encourage overdrafts, we understand that unanticipated expenses or unforeseen problems can leave you with not enough money in your checking account. Our goal is to assist you on your financial journey which includes avoiding the inconvenience of having transactions declined or returned unpaid. The information below is aimed at helping you understand the Overdraft coverage options we provide and how they may benefit you.

We encourage you to view our Account Alerts options developed to help you stay on top of your finances, our Account Management Best Practices for advice on how to manage your account as well as the External Online Resources we provide for additional financial education.

FNBO Offers Two Layers of Overdraft Coverage

  • Overdraft Protection
    An optional savings or line of credit account linked to your checking that can help secure your buying power and reduce declined transactions. Money is advanced automatically in exact amounts when you need them, helping to keep your account from becoming overdrawn.

  • Overdraft Service
    Coverage for when your checking and linked Overdraft Protection account (if enrolled) does not have enough money available to cover a transaction. This tells us in advance how you would like us to consider paying transactions that will cause your account to become overdrawn.

How to set-up, change or cancel your overdraft services

You can set-up, change or cancel your Overdraft coverage at any time by logging in to your Online Banking account, visiting a branch or calling 866-432-2310 to speak with a Customer Care Specialist.

Best practices for managing your account

Tips for managing your account and avoiding fees

  • Carefully review the Overdraft coverage options we provide while considering how you use and plan to use your checking account.
  • Keep track of spending by keeping a check register up-to-date.  Enter each check, debit card purchase, transfer and ATM withdrawal as it is made and keep track of automatic payments such as utilities and insurance.
  • Review your statement regularly.
  • Register your account for Online Banking and download our Mobile Banking app, they're both free!  Then set up Online Account Alerts to receive email updates on the status of your First National Bank checking, savings, money market, line of credit, CD/IRA and credit card accounts.
  • Try to keep a little cushion in your accounts and do not rely on check clearing time.  With mobile payments and electronic transfers, there is little time between when you write a check and when it clears your account.  Many point-of-sale systems can scan your check and withdraw the money instantly - just like a debit card.
  • If you would like assistance managing your accounts, stop by any of our convenient locations and a banker will be happy to help you.

External online resources

Overdraft Option FAQs

Overdraft Protection can help you avoid fees and keep your buying disruptions to a minimum. In the event your checking account doesn’t have enough money to cover a withdrawal, transfer or purchase, a linked FNBO line of credit or savings account will automatically transfer money (if available) to your account in the exact amount needed if a transaction were to exceed your available balance. This helps keep your checking account balance from becoming overdrawn which can help you avoid the hassle of having items returned unpaid.

Overdraft Protection is optional. If you wish to decline Overdraft Protection, we will handle your transactions based on the Overdraft Service you have selected. Please review our Overdraft Service options above.

You can add or change an Overdraft Protection account at any time by logging in to your Online Banking account. From there you can follow our simple step-by-step guide. You may also visit a branch or call 866-432-2310 to speak with a Customer Care Specialist.

Yes. If there is not enough money in your checking account and linked Overdraft Protection account to cover a transaction, we will review the Overdraft Service on your checking account to determine how we should handle the transaction. If we decide to pay the transaction your account becomes overdrawn. If we decide not to pay the transaction, the transaction will be declined.

In the event your checking account and linked Overdraft Protection account doesn't have enough money to cover a withdrawal, transfer or purchase, we may still honor your transaction. Overdraft Service, available on eligible checking accounts, tells us in advance how you would like us to consider paying transactions that will cause your account to be overdrawn.

You can review your Overdraft Service at any time, make changes or opt-out by logging in to your online banking account. From there you can follow our simple step-by-step process. Please be sure to review all of your options carefully and make a selection that best suits your needs. To learn more you can visit a branch or call 866-432-2310 to speak with a Customer Care Specialist.

You can log in to your Online Banking account to find out what overdraft options you currently have set. Of course, you can always speak with a banker at a convenient branch location or call us at 866-432-2310 to speak with a Customer Care Specialist.

Yes. You can view, add, make changes or remove your Overdraft Protection and Overdraft Service at any time by logging in to your online account, visiting a branch or by calling us at 866-432-2310 to speak with a Customer Care Specialist.

With our Standard Overdraft Service Plus Debit Coverage, in addition to checks, automatic bill payments and other transactions using your account number that are considered with our Standard Overdraft Service, we will also consider for payment ATM transactions and everyday non-recurring debit card transactions such as grocery store or one-time online purchases. You must enroll in this service for us to consider these transactions for payment. If we decide to pay the transaction your account becomes overdrawn. If we decide not to pay the transaction, the transaction will be declined.

With our Return All Overdraft Service, we will attempt to return checks, automatic bill payments and other transactions using your checking account number that would overdraw your account. We will decline ATM transactions and everyday non-recurring debit transaction, such as grocery store or one-time online purchases. If you have set-up recurring debit card transactions (such as gym membership, insurance premiums etc.) these transactions may still be paid and may cause your checking account to become overdrawn. It is important to note that additional fees may be charged by the merchants who have items returned to them unpaid.

Yes. In the event your checking account doesn’t have enough money to cover a transaction, money will be transferred from your Overdraft Protection account to your checking account in the exact amount needed. If the transaction exceeds the balance in your checking account plus the money available in your Overdraft Protection account, we will then attempt to return the transaction.

Overdraft Options, FNBO

Generally, we process transactions received by the close of our business day in the following order: deposits or credits first, then withdrawals or debits. Transactions received after our business day cutoff times will be processed on the next business day. Generally, after we have processed all deposits to your account, we process withdrawals.

Deposits or credits are transactions that increase the balance in your account. Withdrawals or debits are transactions that reduce the balance in your account.

We generally process withdrawals in the following categories and order:

  1. Electronic payment transactions and items such as purchases for cashier's checks, certificates of deposit or foreign currency;
  2. Debit card transactions (non ATM transactions);
  3. ATM withdrawals and checks cashed from your account at one of our branches;
  4. Transactions created by you through our BillPay system;
  5. Checks processed as received that day in check number order; and
  6. Miscellaneous adjustments

 

The posting order of deposits and withdrawals may change from time to time based upon regulatory requirements, technology or industry standards.

Transactions may not be processed in the order in which they occur.

The payment of transactions into overdraft is discretionary and we reserve the right to not pay. Generally, we do not pay overdrafts if you are not making regular deposits, or you have excessive overdrafts, or based on your account history and how you maintain your account. We may change your overdraft privileges due to poor account management.

We may pay overdrafts for checks and other transactions using your account number and for automatic bill payments (ACH and recurring debit transactions), and if you give us permission, we may authorize and pay overdrafts for ATM transactions and everyday non-recurring debit transactions (individual debit card purchases such as grocery store or one-time online purchases). Our expectation is you bring your account to a positive balance immediately (including payment of all bank fees and charges).