Overdrafts and Overdraft Fees

What You Need to Know about Overdrafts and Overdraft Fees

What Is An Overdraft?

An overdraft happens when there is not enough money in your account to cover a transaction, but we pay it anyway. We determine if there is enough money in your account to cover a transaction as follows:

We can cover your overdrafts in two different ways:


This Notice Explains Our Basic Overdraft Service

What is the basic overdraft service that comes with my account?

We do authorize and pay overdrafts for the following types of transactions:

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to:

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.


What fees will I be charged if Frandsen Bank & Trust pays my overdraft?


What if I want Frandsen Bank & Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions?

We offer an Enhanced Overdraft Service which authorizes us to pay overdrafts on ATM and everyday debit card transactions. To authorize:


You may revoke your election for our Enhanced Overdraft Service by completing the form below and choosing the "I do not want Frandsen Bank & Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions" or by calling or visiting your local banking office. It may take up to 5 days after receipt of your revocation to process the request.

Option (required):

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