Because nobody’s perfect.
It’s happened to all of us: A small budget miscalculation or oversight that resulted in an unexpected shortage of funds.
That’s why having Overdraft Privilege is smart. It covers transactions that exceed the balance in your checking account, giving you peace of mind and eliminating the inconvenience and potential embarrassment of a rejected check, check card or ATM transaction.
At First National Bank of Northfield, we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned.
What is my Overdraft Privilege limit?
I have two checking accounts. Can I get Overdraft Privilege on both?
Locate your account type below and make note of the corresponding limit. If you have multiple accounts for your household, you may have a limit on all eligible accounts.
Basic Checking: $400
Regular Checking: $600
Interest Checking: $800
Business Banking Basic Checking: $1,000
Overdraft Privilege is a program that requires you to “opt-in” to obtain the service. By opting in to this service, an overdraft created by checks, ATM withdrawals, debit card transactions, and other electronic debits will be covered up to the overdraft limit available on your particular type of checking account.
Overdraft Privilege should not be viewed as an encouragement to overdraw your account. As always, we encourage you to manage your finances responsible. If you would like to have this service removed from your account, please call (507) 645-5656.
Please note that your Overdraft Privilege limit may be reflected in your balance provided by a teller, but will not be reflected at an ATM or through Online Banking or FirstCall.
In addition, based upon our review of your account management, if we determine you may be using Overdraft Privilege as a regular line of credit by creating excessive overdrafts, we may suspend the privilege without prior notice.