Overdraft Protection

Mistakes happen, but overdraft protection provides comfort in knowing your check or debit will be paid in the event your account goes below zero. We offer several options for overdraft protection including Overdraft Privilege and Sweep Overdraft Protection. To sign up for Overdraft Privilege or Sweep Overdraft Protection, please visit any one of our office locations.

Overdraft Privilege 

Insufficient Funds fees are imposed for paying or returning overdrafts created by checks, pre-authorized debits, online banking transactions, ACH debits and in-house transfers to loan and deposit accounts that cause the current balance to fall below $0.00 on your account.  Limits have been established for the number of fees that can be charged per day, as well as the minimum balance or transaction amount that can be assessed a fee. 

• Accounts in overdraft status must be paid within 14 days. If the account remains overdrawn for 7 days or longer, a $5 daily overdraft service charge will be assessed.
• Overdrafts will not be paid if your account is not in good standing, you are not making regular deposits, or you have too many overdrafts. First Federal reserves the right not to pay any transaction that overdraws your account.
• Overdraft Privilege is also available for ATM and Debit card transactions.  Click here to "Opt In".

Sweep Overdraft Protection

Avoid the hassle of returned checks and costly overdraft fees by linking your checking account to another First Federal account. In the event your account becomes overdrawn, the funds will automatically sweep to cover the item(s).

• A $10.00 sweep transfer fee is assessed each time a sweep occurs to cover an NSF item.
• Select a set sweep transfer amount or minimum account balance amount. Increments can be setup as whole dollar amounts, with a minimum of $25.

Note: Up to six (6) pre-authorized debits are allowed on Savings or Money Market accounts per cycle period. A Reg D fee of $3.00 will be charged for every transfer over six (6).