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Life happens! Friend 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 Transfer Option - Link to Another Deposit Account you have at Friend Bank1

$12 Fee per Transfer

Overdraft Protection Line of Credit1, 2

Subject to a $30 annual fee + interest

Overdraft Privilege

$30 Nonsufficient Funds Paid Item Fee per item. Daily Overdraft fees may apply.

 

1 Call your local office or toll free at (800) 435-2074 or come by any office to sign up or apply for these services; 2 subject to credit approval.

 

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, or line of credit you may have at Friend 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 in order 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. 

 

Transactions Covered with Overdraft Privilege

Standard Coverage
(No action required)

Extended Coverage
(Your consent required)*

If you would like to select Extended Coverage for future transactions:

  • Call your local office or toll free at (800) 435-2074
  • complete the online consent form found at www.friendbank.net
  • visit any office
  • complete the enclosed consent form and mail it to us at P.O. Box 640, Slocomb, AL 36375

Checks

X

X

ACH - Automatic Debits

X

X

Recurring Debit Card Payments

X

X

Online Bill Pay Items

X

X

Teller Window Transactions

X

X

ATM Transactions

 

X*

Everyday Debit Card Transactions

 

X*

 

*If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage

 

You can discontinue the Overdraft Privilege in its entirety by calling your local office toll free at (800) 435-2074.

 

What Else You Should Know

 

If you have any questions about Overdraft Protection or Overdraft Privilege, please call your local office or toll free at (800) 435-2074 or visit any office.

 

What you need to know about Overdrafts and Overdraft fees.


Equal Housing Lendor. Member FDIC. © Copyright 2008 Friend Bank. (334) 886-2367   .