Sometimes, accidentally overdrawing your account may happen. At FOCUS Bank, we have provided some information below to help you understand the Overdraft Privilege service and tools to help you manage your account/budget.
Please feel free to review our Overdraft Privilege Disclosure at any time.
Overdraft Privilege is not a line of credit. However, with Overdraft Privilege, if you inadvertently, overdraw your account, FOCUS Bank has the discretion to cover your overdrafts for a fee up to the amount of your Overdraft Privilege limit. When your items are paid, this service may help save you the embarrassment of an ATM or everyday debit card transaction being declined or the inconvenience of a check or ACH item being returned, as well as the fee normally charged to you by merchants for items returned to them.
Keep in mind that we also offer overdraft protection plans, such a link to a savings account, which may be less costly than overdrawing your account. If you already have other forms of overdraft protection, Overdraft Privilege will only be used after these resources are exhausted.
Please review the following important information about Overdraft Privilege:
If multiple items are presented against your account on the same day, each item will be assessed an appropriate NSF Paid Handling Fee or NSF Returned Handling Fee of $32 up to a limit of 4 fees per day or $128. For consumer accounts, we will not charge an NSF Paid Handling fee if your account is overdrawn by $10 or less. If your account remains overdrawn for longer than 3 days, we will charge your account a daily overdraft fee of $5 every three consecutive business days the account remains overdrawn, beginning with day 3.
From time to time, people have trouble managing their money, we have some helpful Money Management Tools to provide some guidance if you should assistance in this area.