OVERDRAFT PROTECTION AND OVERDRAFT PRIVILEGE
First Community Bank understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:
| Service | Cost |
| Overdraft Protection link to another deposit account you have at First Community Bank1 | $5 fee per transfer |
| Overdraft Protection Line of Credit or Loan Reserve1, 2 | Subject to interest |
| Overdraft Privilege Standard or Extended Coverage | $32 Overdraft Fee per item presented*. |
1Call us at (870) 612-3400 or (888) 780-8391, send us a secure message through online banking, or come by a branch to sign up or apply for these services; 2Subject to credit approval.
* Per item presented means each time an item is presented, including re-presentment
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, or Line of Credit or Loan Reserve you may have at First Community Bank for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.
Transactions Covered with Overdraft Privilege | Standard Coverage | Extended Coverage (Your consent required on consumer accounts)* | |
Checks | X | X | |
ACH - Automatic Debits | X | X | |
Recurring Debit Card Transactions | X | X | |
Online Bill Pay Items | X | X | |
Internet Banking Transfers | X | X | |
Telephone Banking | X | X | |
Teller Window Transactions | X | X | |
ATM Transactions |
| X* | |
Everyday Debit Card Transactions |
| X* |
*If you choose Extended Coverage on your consumer account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
If you would like to select Extended Coverage for future transactions:
· Call us at (870) 612-3400 or (888) 780-8391
· Complete the online consent form
· Visit any branch
· Complete a consent form and mail it to us at P. O. Box 4327 Batesville, AR. 72503
· Send us a secure message through online banking
If you want to discontinue Overdraft Privilege in its entirety, contact us at (870) 612-3400 or (888) 780-8391 or send us a secure message through online banking.
