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Overdraft Protection
Attention! New overdraft legislation that may affect you. Click here for details.
We've got you covered. There are times when unforseen circumstances can leave you a little short. With our overdraft protection services, you can rest assured that First Source is there to help see you through. Choose from various levels of protection:
Link an account. When a check or transaction is presented against your checking account that would draw your account negative, the system will first look to your linked savings account(s) and automatically transfer the available funds to cover the difference.
Overdraft line of credit. You may apply for a personal overdraft line of credit. Similar to your savings, the line would also be linked to your checking account to automatically cover the insufficient funds.
*Applications are subject to credit approval.
Member Reserve. Should your linked account(s) be depleted or unavailable, First Source offers another layer of overdraft protection referred to as Member Reserve. This service is a non-contractual courtesy that allows your account to go negative up to $500 for a nominal $25 per item fee.
Should you choose to have your ATM, debit card, automatic payments and check transactions considered for coverage, you will need to do so through written or verbal concent by either calling, stopping by any of our branch locations, or mailing in the opt-in form.
Note: First Source reserves the right to make changes at any time or discontinue Member Reserve without prior notice. If we do not authorize and pay an overdraft, your transaction may be immediately declined.
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