What You Need To Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we
pay it anyway. We can cover your overdrafts in two different ways:

1. We have standard overdraft coverage, such as a link to a savings account that comes with your
account.

2. We also offer Courtesy Pay Overdraft Protection , which is a discretionary service that allows us
to pay an item presented against your checking account even if it causes the account to become
overdrawn.

This notice explains our Courtesy Pay Overdraft Protection.

What is Courtesy Pay Overdraft Protection?

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

Checks and other transactions made using your checking account number
In the future, we will not authorize and pay overdrafts for the following types of transactions unless
you ask us to:

ATM and everyday debit card transactions
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 1st Financial Federal Credit Union pays my overdraft?

We will charge you a fee of $29.50 each time we pay an overdraft. This is the same fee as our
standard NSF (Non-Sufficient Funds) fee of $29.50 but you will avoid additional NSF fees from
the merchant. There is no limit on the total fees we can charge you for overdrawing your account.

What if I want 1st Financial Federal Credit Union to authorize and pay overdrafts on my everyday
transactions?

If you want us to authorize and pay overdrafts on everyday debit card transactions, call 636-916-8300, visit www.1stfinancialfcu.org or click “yes” to the Reg E question in the 1st Financial online account application.

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