Overdraft Protection

Overdraft Protection

Everyone makes mistakes so every bank offers overdraft protection. The difference is, First Federal doesn't charge you an arm and leg.

We provide two methods to prevent overdrafts: an automatic transfer of funds from a linked savings account or a pre-approved line of credit. At most banks, the "protection" can cost more than they saved you. Thankfully, we're not "most banks."

Summary
  • Automatic protection from declined charges and returned checks
  • Avoid embarrassment and costly fees
  • Protects credit rating
  • Provides peace of mind
  • Two overdraft methods:
  • Transfer from First Choice Savings to cover overdraft; Low $5 fee per transfer
  • Pre-approved overdraft line of credit (subject to approval)

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