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Opt-In for Courtesy Overdraft Protection from First Federal BankHow to Avoid Overdraft Charges

When you spend more than you have in your checking account, it can result in overdraft charges. Fortunately, there are some good alternatives to overdraft charges that can save you money, and help you become more financially successful.

How do overdrafts & bounced checks happen?

These occur when you write a check, make an automatic debit or debit card purchase when there is not enough money in your account to cover the cost. Overdraft fees can add up fast. Fortunately, there are some remedies we'd like to share with you that can minimize overdrafts and help you become more financially successful:
Best ways to manage your account to avoid overdraft charges:

  • Keep track of how much money you have in your checking account by keeping your account register book up-to-date. Record all checks when you write them, and other transactions when you make them.
  • Pay special attention to any electronic transactions you make. Record your ATM withdrawals & fees, debit card purchases and online payments.
  • If you have a joint account with someone else and you both have debit cards, make sure you're writing down all purchases made by each person in your check register.
  • Don't forget about automatic bill payments you may have set up for utilities, insurance or loan payments.
  • Keep an eye on your account balance. Remember that some checks and automatic payments may have yet to clear your account. Log In to Internet Banking frequently to keep tabs on your account.
  • Review your account statements each month. Between statements, you can find out which payments have cleared when you call our 24-hour automated account info line at (888) 781-4092, Log In to Internet Banking, or visit the banking center location nearest you to get up-to-date information on your account.

Sometimes mistakes happen. If you do overdraw your account, deposit money into the account as soon as possible to cover the overdraft amount plus any overdraft fees. Depositing money into your account quickly will also help you avoid additional overdrafts and fees.

How much does Courtesy Overdraft Protection cost?

If you have Courtesy Overdraft Protection and a transaction of $1.00 or more would overdraw your account, we may authorize the transaction for a $35 service charge per transaction. The most you could be charged in one day is $210 for up to 6 transactions.

You can opt-out of Courtesy Overdraft Protection for debit & ATM transactions at any time. This means you will not be able to make debit card purchases or ATM withdrawals that would overdraw your account. However, you may still be charged overdraft service fees if you write a checks and there is not enough money in your account to cover them.

What are some other ways to cover or prevent overdrafts?

  • Link your checking account to a First Federal Bank Savings Account
    This will allow us to cover transactions that would overdraw your checking account with funds available in your savings account. A $10 transfer fee applies for each occurrence, which is less than a Courtesy Overdraft charge.

  • Transfer funds from another First Federal Bank account using Internet Banking or our 24-Hour First Info Line (888) 781-4092

  • Keep track of your available balance by logging in to Internet Banking or calling our automated First Info line at anytime. If you notice that your available balance is getting low, you can transfer funds from a First Federal Bank Savings Account instantly before any overdrafts occur.*

Bottom line on avoiding overdraft fees

Good account management is the lowest-cost way to avoid overdraft fees. Write all transactions down in your account register and check your account balance by using our FREE Internet Banking or First Info Line at (888) 781-4092. Visit us today to open a Savings Account which you can use to transfer funds as necessary to prevent overdrafts and save you money.

*You can make up to 6 savings account withdrawals per statement cycle without a fee. Additional withdrawals are subject to a $1.00 service charge.

P.O. Box 419194
Kansas City, MO 64141-6194
Phone (816) 241-7800  |  Bank / ABA Routing Number: 301071592

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