OVERDRAFT PROTECTION PROGRAM
Overdraft protection is available on any FIRST GUARANTY BANK Checking account to give our customers protection against returned checks. Select from one of the four plans to ensure you will never suffer the embarrassment of a returned check. Once you have given us the approval, we can handle your transactions for you immediately. You will have the convenience of writing a check knowing there will be sufficient funds in your account as you need them. Overdraft protection means peace of mind to you and protection not only for your checking account but to your credit and reputation as well. This is a small price to pay for the many benefits of this service. The annual fee will be assed at plan acceptance. Funds availability is subject to collected funds in account.
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Plan 1
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You have the flexibility of covering overdrafts from another First Guaranty Bank Checking account, Super NOW account or savings account. You can authorize First Guaranty Bank to transfer only the exact amount needed in your account to avoid an overdrawn status and costly NSF charges. This plan is in effect as long as your designated accounts are in good standing. The cost to you is $30.00 annually. Consumer accounts are charged a $7.00 fee for each daily transfer. Commercial accounts are charged a $15 fee for each daily transfer. |
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Plan 2
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This Plan is available to all customers who have both a First Guaranty Bank Visa or MasterCard and a checking account. Anytime your account is overdrawn, the Overdraft Protection Program will access your Visa or MasterCard line of credit in increments of $100 to cover your overdraft. It is always accessible as long as your credit card agreement is in good standing, and you are within your credit limit. There is a $30.00 annual fee which we debit from your checking account, no NSF charges and only a 4% cash advance fee each time you use this feature. |
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Plan 3
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If you would like to use any Visa or MasterCard other than a First Guaranty Bank card to protect your First Guaranty Bank checking account, you now have capability through Plan 3. We can access your line of credit in increments of $100.00 whenever your account is overdrawn to ensure your checking account remains in good standing. Consumer accounts are charged a $7.00 fee for each daily transfer. Commercial accounts are charged a $15 fee for each daily transfer. The annual fee is $50.00 on consumer and commercial accounts. All fees are debited from your checking account. Applicable fees from your current bankcard issuer may also apply, and the service remains in effect as long as your credit card is current. |
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Plan 4
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This plan is available to all Commercial customers who have both a FGB Commercial Line of Credit and a checking account. Anytime your commercial checking account is overdrawn, the Overdraft Protection Plan will access your Commercial Line of Credit in increments of $100.00 to cover your overdraft. It is always accessible as long as your Commercial Line of Credit is in good standing, and you are within your credit limit. There is a $50.00 annual fee and a $15.00 processing fee for each transfer. Applicable fees from your Commercial Line of Credit may also apply, and the service remains in effect as long as your Commercial Line of Credit is current. |
Account transfers are subject to normal service charges and account transaction regulations.
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For information and disclosures regarding your deposit accounts, request a copy of "Your Deposit Account" from one of our convenient banking center locations.
Checking account that pays interest plus special benefits
Offering a convenient checking account to our customers that are 50 years of age and over
Our Basic checking account offers the following options:
An investment account that allows you to withdraw funds at any time and still earn interest at competitive rates
A tax-exempt account where funds grow to pay for medical expenses. Created to give control back to consumers and lower healthcare costs. Works like a checking account. Consumer can use checks or debit card for qualified medical purchases.
