YOUR START TO MANAGING OVERDRAFTS
No matter how much you plan, financial miscalculations and unexpected expenses can leave your account vulnerable to overdrafts. That’s why it’s important to have a plan in place. At FNB, we want to provide you with a wide variety of tools, products, and services to help you manage overdrafts, and manage your account to avoid them. Check out our resources below, so that you can learn more on why overdrafts happen and how you can prevent them.
What is an overdraft and how does it happen?
An Overdraft is a deficit in a bank account caused by drawing more money than the account holds. An overdraft occurs when more money is spent from your checking account than is available to spend. Transactions that can cause an overdraft include automatic bill payments, electronic payments, checks, debit cards, and ATM transactions for more than what is available in your account. When this occurs, a $35 Overdraft Fee is applied per transaction paid and a $15 Non-Sufficient Funds (NSF) Fee is charged per transaction returned.
How can I avoid overdrafts?
Good account management and keeping a close eye on your bank accounts is crucial to preventing overdrafts. Frequently check your balance and monitor your account activity using an account register. A register is a ledger that enables you to manually record your deposits and withdrawals to keep an accurate total of your account balance. It is important to remember to record all transactions on the register including debit card transactions, outstanding checks, and automatic payments. You should reconcile your register at least once per month when you receive your monthly bank statement.
You can check your balance and recent charges anytime on our Online Banking, Mobile Banking App, by calling our Info24 Banking Number, or visiting an ATM.
What services does FNB provide to help manage or avoid overdrafts & fees?
Auto Transfer for Overdrafts
When an overdraft occurs on your primary account, funds will be automatically transferred from a secondary checking account, savings account or certain loan accounts. For each transfer, a $5 fee will occur. To set up an auto transfer, please visit a branch or contact 270-247-1758.
Overdraft Privilege
Automatic Service for both Personal (up to $400) and Commercial (up to $500) checking accounts that are in good standing with FNB. Overdraft Privilege is not a loan or line of credit, and an Automatic Overdraft Fee of $35 is applied per transaction paid. Accounts must remain in good standing to be eligible.
Cash Reserve Overdraft Line of Credit
Your FNB checking account can be linked to an overdraft line of credit. If your balance of funds is insufficient to pay your regular checks and/or preauthorized debits, FNB will automatically advance funds from your FNB Cash Reserve Account into your checking account.
- Annual fee of $25.
- Transfers fee of $5 per advance.
- Interest is charged on the outstanding balance.
- Billing for Cash Reserve will be included with the monthly summary of your checking account statement.
- Minimum monthly payment of $20 or 5% of the outstanding balance will be automatically deducted from your checking account.
What if you have been turned down for checking accounts in the past?
At FNB we believe in second chances. 
Apply for a checking account even if you’ve been turned down in the past. This account has its own requirements including $100 minimum opening deposit with no minimum balance required. Direct deposit preferred and required if offered by employer or government agency. $10 set up fee and $12 monthly service fee.
FNB Bank is pleased to offer the opportunity to apply for a new account with us at your convenience. Now instead of having to visit a branch to open one of our great accounts, you can apply directly online. Click the button below to get started and make sure you have your social security number, mailing address (not PO box) and driver’s license to complete the application.
Want instant access to your credit score and credit report?
Managing your credit has never been easier with FNB’s YourCredit. Get instant access to your credit score, credit report, and financial education tips on how to improve your score or maintain an already great score.
Learn more about YourCredit™ here. Get started with YourCredit™ today! Available through FNB Online or Mobile Banking. Login and click on the YourCredit™ link to get started.
Why is it important for me to have a Home Budget?
Creating and sticking to a home budget is an essential part of managing personal finances. A budget helps you keep track of your spending and ensures that you are living within your means. It also allows you to allocate money towards your financial goals, such as saving for a down payment on a house or paying off debt.
One of the key benefits of creating a home budget is that it helps you identify unnecessary expenses. By tracking your spending, you can see where your money is going and make adjustments to reduce your expenses. This can help you save money and increase your financial security.
Another benefit of having a home budget is that it helps you plan for unexpected expenses. By setting aside money for emergencies, such as car repairs or medical bills, you can avoid going into debt or having to dip into your savings.
Overall, creating a home budget is an important step towards achieving financial stability. It helps you manage your money effectively, save for the future, and avoid unnecessary debt.
Stay up to date with tracking your income and expenses for your budget when you enroll in Online Banking or download our FREE Mobile App.
Budgets don’t have to be scary. We have provided you with a FREE Budgeting Template below to help you get started with taking control of your finances, or you may download here.Automatic Overdraft Coverage is not a line of credit. We do not guarantee that we will always authorize and pay any type of transaction. For example, we typically do not pay overdrafts if your account is not in good standing or if the overdraft amount is excessive. Overdrawn accounts must be brought to a positive balance promptly. An insufficient balance resulting in a fee can occur in several ways such as by check, in person withdrawal, ATM withdrawal, or other electronic means. It may also occur if funds are transferred or drawn against funds not yet available according to the bank’s funds availability policy. An Overdraft Fee of $35 will be charged per item paid, and a Non-Sufficient Funds (NSF) Fee of $15 will be charged per item returned. Overdraft fees may apply each time we pay or return an item due to insufficient funds, regardless of the number of times the item is presented. If an item is presented in a manner that FNB can affirmatively and automatically determine it has been previously presented, FNB Bank will not assess additional overdraft fees for the item. If you have been assessed more than one overdraft fee for the same item upon representment, please contact FNB Bank for assistance. See account disclosures for full terms and conditions.
Cash Reserve Overdraft Line of Credit is subject to credit approval. See Credit Agreement and Disclosures for full terms and conditions.THIS NOTICE IS REQUIRED BY LAW.
Read more at FTC.GOV. You have the right to a free credit report from AnnualCreditReport.com or 877-322-8228, the ONLY authorized source under federal law.
