Overdraft Q & A

Overdraft Question and Answer

What is an overdraft?
What are Standard Overdraft Practices?
Does CoreFirst guarantee payment of an item that will cause an overdraft?
What fees will be charged if CoreFirst pays an overdraft?¹
What if I want CoreFirst Bank & Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions?
What if I want to revoke my authorization regarding Overdraft Coverage?
How are transactions processed for payment that are presented on my account?

Opt-In or Opt-Out for Overdraft 

Opt-In Form

Opt-Out Form


²A fee of $29.00 will be charged for each overdraft - up to six (6) overdraft charges can be charged each business day, not to exceed $174.00. After the first 6 overdrafts in a business day, the bank will pay authorized debit card transactions and return checks which may carry an Insufficient Item fee of $29.00 per item, per presentment. We will not charge a fee if your account is overdrawn less than $5.00 on any given day. If you are over the age of 18, your account may have Overdraft Coverage. According to the law, consumers will need to agree to participate in (or "opt in" to) the Overdraft Coverage program for ATM transactions and one-time debit card purchases. All eligible customers are qualified for Overdraft Coverage for checks, ACH and recurring debit card transactions unless a specific opt-out request is made. This service does not constitute either a written agreement of an obligation or a prearranged agreement for CoreFirst Bank & Trust to pay your overdrafts and we may withdraw this coverage at any time. Payment of any overdrafts will continue to be at the discretion of CoreFirst Bank & Trust and payment of an overdraft does not obligate us or create an agreement or course of dealing on our part to allow overdrafts on any occasion. Please see your Deposit Account Agreement for additional detail.