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FNBO Overdraft Options

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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 in avoiding unexpected Overdraft fees as well as 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 bank fees and declined transactions.  Money is advanced automatically in exact amounts when you need them, helping to keep your account from becoming overdrawn.

Overdraft Service1

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 automactic 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
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Overdraft Option FAQ's

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1 If you are eligible for Overdraft Item Fee Forgiveness at the time of your occurrence, the fee will be automatically waived. Overdraft Forgiveness will waive one Overdraft Item fee every 12 months from the date of your last automatic refund. For example, if an Overdraft Item fee is automatically waived on January 1st of this year, your next eligibility date would be January 1st of the following year.

Once your allotted Overdraft or Return Item Fee Forgiveness is used, normal overdraft fees will be charged. Our Overdraft Item Fee is $20 per item (max 4 per day). We will not charge this fee if your balance is overdrawn by $20 or less or the transaction overdrawing your account is $20 or less.

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).