Bounce Protection

Customer Overdraft Policy

An Insufficient balance can result from several events, such as (1) the payment of checks, electronic funds transfers or other withdrawal requests: (2) payments authorized by you; (3) the return of unpaid items deposited by you; (4) bank service charges; or (5) the deposit of items which, according to the bank's Funds Availability Policy, are treated as not yet available or finally paid.  We are not obligated to pay any item presented for payment if your account does not contain sufficient funds.  However, if you maintain your account in good standing (defined as making regular deposits and bringing your account to a positive balance, including payment of all bank fees charged to you account, at least once every 30 days) and there are no legal orders, liens or levies outstanding, we may approve your reasonable overdrafts as a non-contractual courtesy.  In the normal course of business, we generally pay electronic transactions first and then checks beginning with the lowest dollar amount, per the bank's policy.  We reserve the right to change the order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account.  Also, please be aware that the order of item payment may create multiple overdrafts during a single banking day for which you will be charged our standard NSF fee of $25 for each overdraft (paid or returned).  You may opt out of the privilege at any time, but you are responsible for any overdrawn balances at the time of opting out.  Normally, we will not approve an overdraft for you in excess of the predetermined amount assigned to your account type.  So as not to exceed your limit, please note that the amount of the overdraft plus the bank's standard NSF fee of $25 (per item) will be deducted from the overdraft limit.  We may refuse to pay an overdraft for you at any time even though we may have previously paid overdrafts for you.  You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item.  The amount of any overdraft plus our standard NSF fee of $25 that you owe us shall be due and payable upon demand.  If there is an overdraft paid by us on an account with more than one owner on the signature card, each owner and agent, if applicable, drawing presenting the time creating the overdraft, shall be jointly and severally liable for such overdraft plus our standard NSF fee of $25.

Bounce Protection should not be viewed as an encouragement to overdraw your account.  As always, we encourage you to manage your finances responsibly.  If you would like to have this service removed from your account, please call (931) 728-3518. 

Please note that your Bounce Protection limit will not be reflected in your balance provided by a teller, at the ATM or through Internet Banking or Telephone Banking.

LIMITATIONS:  Bounce Protection is a non-contractual courtesy that is available to individually/jointly owned accounts in good standing for personal or household use.  First National Bank reserves the right to limit participation to one account per household and to discontinue this service without prior notice.