Overdraft Protection

At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Overdrawing your account can easily happen. First Dakota National Bank offers two options to assist you during these times, our Checking Plus Protection or our Bounce Protection.

Checking Plus

Protect yourself from overdraft charges by applying for a Checking Plus line of credit. This credit line automatically advances money needed to cover an overdraft in $200 increments to of your available credit. The charge for this service is $3.00 a month and daily interest on advanced funds, until the credit line is paid in full with regular minimum monthly payments.

Contact us to inquire about adding Checking Plus to your account or come into one of our branch locations to learn more from one of our Personal Bankers.

Bounce Overdraft Protection

Bounce Protection is a non-contractual courtesy service requiring no action on your part. You do not need to sign anything. To avoid fees, we encourage you to keep track of your account balance and reconcile your check book regularly. Bounce Protection should not be viewed as an encouragement to overdraw your account.

How Does Bounce Protection Work?

As long as you maintain your account in "good standing", First Dakota may approve your overdrafts within your current available Bounce Protection limit. Your account is in "good standing" if you:

  • Make regular deposits to bring your account ot a postitive balance at least once every 30 days;
  • Avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; and
  • There are no legal orders, levies or liens against your account

There is no additional cost associated with this privilege unless you use it. You will be charged our standard overdraft fee of $33 for each item paid on your behalf by a traditional paper check, a teller withdrawal, an automatic payment (ACH) transaction or a recurring debit card transaction. We do not authorize or pay overdrafts on ATM Transaction and everyday debit card transaction unless you opt-in for coverage.

If you want First Dakota to authorize and pay overdrafts on ATM and everyday debit card transaction call us, mail us the opt-in/opt-out form, or visit one of branch locations.

We may refuse to pay an overdraft item at any time even though we may have previously paid overdrafts for you. If we do not pay an item, you will be charged a non-sufficient funds (NSF) returned item fee of $33 for each item returned. You will be notified by mail of any overdrafts paid or NSF returned items. First Dakota has no obligation to notify you before we pay or return any item.

First Dakota reserves the right to limit participation to one account per household and to suspend, revoke, or discontinue this service without prior notice.