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 cover your overdrafts in two different ways:
- We have standard overdraft practices that come with your account.
- 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 page 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
We do not authorize and pay overdrafts for the following types of transactions unless you ask us (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 Harrison Bank pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of up to $33 each time we pay an overdraft.
- The maximum daily overdraft limit that we will charge you for overdrawing your account is $175.00.
What if I want First Harrison 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, do one of the following:
- Call 1-800-390-1465
- Visit a local branch
- Complete and sign the Opt-In Form below, detach it at the line, and deliver or mail it to us at First Harrison Bank, PO Box 37, Palmyra IN 47164.
Note – You can revoke your authorization at any time.
See our Opt-In form for more details.