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, and the bank pays the item. We can cover your overdraft in two different ways:
What are the standard overdraft services?
The bank may authorize and pay overdrafts for the following types of transactions:
You must choose to have the bank authorize and pay overdrafts on:
The bank pays overdrafts at its discretion and does not guarantee that it will always authorize and pay any type of transaction. If the bank does not authorize your overdraft transaction, it will be declined.
What fees will I be charged if First National Bank of Waterloo pays my overdraft?
We will charge you a fee of $27 each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account.
To OPT-IN to have your debit card and ATM overdrafts paid, please call customer support, 618-939-6194.