Some banks have made the decision to simply decline all ATM and everyday (one-time) debit card transactions that have insufficient funds. This situation can be inconvenient and embarrassing for an individual. At First PREMIER Bank we believe you should have a choice. We understand that an overdraft on an account can happen for a variety of reasons. That's why we encourage you to sign up for our Debit Card Overdraft Coverage. The Choice is up to You!
Choice #1 – Sign up for Debit Card Overdraft Coverage. If you add this service to your personal deposit account, First PREMIER Bank may approve (authorize), at our discretion, up to $500 beyond your available balance for ATM and everyday (one-time) debit card transactions1. Choice #1 doesn't cost anything unless you find yourself in a situation where you need it. The debit card ATM and point of sale daily limits still apply.
Here is how it works. If you are at the grocery store and swipe your debit card at the checkout to purchase $100 worth of groceries, but your balance on record is only $50, we can make the decision to allow your purchase to go through. This saves you the inconvenience and embarrassment of declining your card. We would charge you a $32 overdraft fee for this debit card transaction.
Choice #2 – If you choose to do nothing First PREMIER Bank will decline all ATM and everyday debit card transactions that do not have sufficient funds.
Thank you for your interest in Debit Card Overdraft Coverage. Before enrolling please note:
This will authorize First PREMIER Bank to pay overdrafts on your ATM and everyday debit card transactions.
1We will charge you a fee of $32 each time we pay an overdraft on ATM and everyday debit card transactions. We will also charge a continuous overdraft fee of $5 per day. There is no limit on the total fees we can charge you for overdrawing your account. Overdrafts are payable upon demand.
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