An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay the item anyway as a courtesy to you. We can cover your overdrafts in two different ways.

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.

→ What are the standard overdraft practices that come with my account?
      We do authorize and pay overdrafts for the following types of transactions:
            • Checks and other transactions made using your checking account               number
            • Automatic bill payments

      Beginning August 15, 2010, we will not authorize and pay overdrafts for the
      following types oftransactions unless you ask us to (see below):
            • ATM transactions
            • Everyday debit card transactions

      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.

→ What fees will I be charged if First Federal Savings Bank pays my     overdraft?
      Under our standard overdraft practices
            • We will charge you a fee of up to $29.86 each time we pay an overdraft
            • Also, if your account is overdrawn for 3 or more consecutive business               days, we will charge an additional $6 per day
            • There is no limit on the total fees we can charge you for overdrawing your               account

→ What if I want First Federal Savings Bank to authorize and pay overdrafts     on my ATM and everyday debit card transactions?
      If you want us to authorize and pay overdrafts on ATM and everyday debit card       transactions, simply stop by any of our 22 convenient locations to fill out a       form. You can also call our Call Center at (800) 314-BANK (2265). Or you could       simply log into your online banking account at       https://www.ffsbkyonline.com/onlineserv/HB/Signon.cgi and select Online       Forms | Overdraft Option to make your choice.