What You Need to Know about Overdrafts and Overdraft Fees
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
We have standard overdraft practices that come with your account.
We also offer overdraft protection plans, such as a link to another
account or a line of credit, which may be less costly than our standard
overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
What are the standard overdraft practices that come with my
We do authorize and pay overdrafts for the following types of
Checks and other transactions made using your checking account number
- Automatic bill payments
We will not authorize and pay overdrafts for the following types of
transactions without your consent.
- ATM transactions
- 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 First Montana Bank pays my overdraft?
Under our standard overdraft practices:
We will charge you a fee of up to
$33 each time we pay an
overdraft if your account is overdrawn more than $5.00.
There is a limit of $198.00 per day on the total fees we
can charge you for overdrawing your account.
What if I want First
Montana Bank to authorize and pay overdrafts on my ATM and everyday debit
If you want us to authorize and pay overdrafts on ATM and everyday debit
card transactions, call 1-800-824-2692, visit our website at
www.firstmontanabank.com, complete the form below and present it at a branch
or mail it to: P O Box 1550 Libby MT 59923. You can revoke your
authorization for First Montana Bank to pay these overdrafts at any time by
any of the above methods. Your revocation must include both your name and
your account number so that we can properly identify your account.