Overdraft Protection

How to Get it: Generally, accounts will automatically be enrolled at account opening. You can decline at opening or at any point using one of the methods listed under the ‘Manage My Privilege Pay Options’ below.

What it Costs: BankFirst’s normal Overdraft and NSF Fees of $36 per item, per presentment, will apply depending on whether the item is covered as an overdraft or returned unpaid. Fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any overdraft limit disclosed. Consumer accounts have a limit of six total Overdraft and NSF Fees per business day ($216 total daily Overdraft and NSF Fees).

You can enroll or decline Privilege Pay at any time by (1) visiting any BankFirst location (2) contact us directly at 877-441-2784, between the hours of 8:00 AM – 5:00 PM, Monday thru Friday (3) signing on to our website at www.bankfirstfs.com.  Please note this request could take up to 24 hours. 

(Must have Privilege Pay and a debit card)

How it Works: Applies to consumer accounts only. Privilege Plus is an enhancement to Privilege Pay that requires opting in by account holder. All of the services and limits of Privilege Pay apply, plus BankFirst will generally strive to authorize and pay everyday debit card transaction and ATM withdrawals if you opt in for Privilege Plus.

What’s Covered:

• One-Time non-recurring debit card transactions
• ATM transactions
  

What it Costs: BankFirst’s normal Overdraft and NSF Fees of $36 per item, per presentment, will apply depending on whether the item is covered as an overdraft or returned unpaid.  Fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any overdraft limit disclosed. Consumer accounts have a limit of six total Overdraft and NSF Fees per business day ($216 total daily Overdraft and NSF Fees).

How to Get it: This feature is only available on your account if you have Privilege Pay and you opt in for Privilege Plus. You can opt in or opt out at any time using one of the methods listed in the "Manage My Privilege Plus Options" below:

How can I Manage My Privilege Plus Options? Privilege Plus is an enhancement to Privilege Pay. With Privilege Plus, ATM and one-time everyday debit card transactions may be covered if you have Privilege Pay and opt-in for Privilege Plus. You can opt in or opt out of Privilege Plus anytime by (1) calling FirstConnection at 866-726-2006 (Option 6 to ‘Change Overdraft Options’); (2) visiting any BankFirst location; (3) contacting us directly at 877-441-2784, between the hours of 8:00 AM - 5:00 PM, Monday thru Friday; or (4) signing into your online account at bankfirstfs.com and selecting “Secured Forms.” Please note this request could take up to 24 hours. A consumer customer who does not affirmatively consent (opts-out) to Privilege Plus for overdraft protection for the payment of ATM and/or one-time everyday debit card transactions, agrees to not overdraw their account for ATM and one-time everyday debit card transactions ($0 debit card overdraft limit).

How it Works: If you have a BankFirst checking, savings, or money market account, we can link your account(s) so that if you should overdraw your checking account and funds are available in your linked account(s), we will automatically transfer funds from one account to the other.

What’s Covered:

• Checks
• ACH transactions
• Recurring debit card transactions
• One-Time non-recurring debit card transactions
• ATM transactions

What it Costs: If funds are not available in the linked account(s) to cover an overdraft, then the transfer will not be completed and BankFirst’s standard NSF Charge or OD Charge of $36.00 per item, per presentment will apply depending on whether the item presented against the checking account is paid or returned unpaid. Savings and money market accounts are limited to six total transfers per month (whether Privilege Transfers or any other transfers), and a $2 debit item fee will be assessed on savings accounts, and a $15 debit item fee will be assessed on money market accounts for each transaction more than six per month.

How to Get It: Call or stop by your local branch to link your accounts.

(Subject to credit approval)

How it Works: You may apply for a line of credit. If approved, and you have overdrawn your account and funds are available on your line of credit, we will automatically transfer funds to your checking account, up to your credit limit.

What’s Covered:

• Checks
• ACH transactions
• Recurring debit card transactions
• One-Time non-recurring debit card transactions
• ATM transactions

What it Costs: If funds are not available in the Privilege Line of Credit to cover an overdraft, then the transfer will not be completed and BankFirst’s standard NSF Charge or OD Charge of $36.00 per item, per presentment will apply depending on whether the item presented against the checking account is paid or returned unpaid.

How to Get it: Call or stop by your local branch to apply for a Privilege Line of Credit.