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Overdraft Privilege Service

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Debit and ATM cards are a convenience it's hard to imagine living without. Using debit and ATM cards makes it easier than ever to make purchases and payments, but it also makes it easier to overdraw a checking account and incur fees associated with overdraft* privilege services. As a result federal lawmakers have created new rules governing overdraft protection programs.

You now have an option concerning whether you want to continue to have our overdraft service cover your ATM or one-time debit card transactions. Please take note that this opt-in rule applies only to ATM and everyday debit card transactions and does not pertain to overdraft* privilege services associated with written checks or recurring debit transactions, such as regularly scheduled bill payments.

Why Opt In?

First National Bank's overdraft* privilege is designed with your protection and convenience in mind for your ATM or everyday debit card transactions. The vast majority of our customers do not overdraw their accounts and incur fees, however life doesn't always go according to plan, and overdrafts do occur. Without overdraft* privilege, your ATM and one-time debit card transactions may be declined if you attempt to make a transaction without sufficient funds.

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 pay 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:

  1. Checks and other transactions made using your checking account number:
  2. Automatic bill payments

We DO NOT authorize and pay overdrafts for the following types of transactions unless you ask us to:

  1. ATM transactions
  2. 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 National Bank Pays My Overdraft*?

Under our standard overdraft practices:

  1. We will charge you a fee of up to $28.00 each time we pay an overdraft
  2. We will limit overdraft fees on your account to 6 per day or a maximum amount of $168 per day.

How to opt-in if you want First National Bank to Authorize and Pay Overdrafts* on your ATM and Everyday Debit Card Transactions:

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions call 877.782.2195 or complete this form. After reading the details above, you may complete the on-line consent form below and click submit at the bottom of the page. You will immediately receive a confirmation e-mail that your form has been submitted. Please note that we will make the change to your ATM or Debit card within two business days. If you would prefer you may print the form to complete and mail back to 101 West Adams St., Creston, IA 50801. If you have questions please feel free to visit any First National Bank location or call us at 877.782.2195. We will be happy to answer any questions you have.



    *Overdraft privilege service is subject to approval. If you are eligible for this service, we may pay overdrafts for any type of transaction each business day, authorized from your account, at our discretion. We do not guarantee we will always authorize and pay any type of transaction if you have not opted-in. We will charge you a fee up to $28 for each overdraft.

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