Overdraft Protection & Privilege

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Overdraft Protection & Privilege

We understand you lead a busy life and may not always have time to check your account balance. That is why we offer a couple of options that automatically help you out.

Overdraft Protection Savings Transfer

In the event of an overdraft in your checking account, Service First will automatically transfer funds from savings or other deposit accounts to cover the overdraft, as long as funds are available. A nominal fee1 is charged for this, but it saves you from paying a $30.00 Overdraft Fee (per item). There is nothing to do on your end because this service is part of your checking account.

Overdraft Protection Loan

Protect yourself from transactions being declined with an Overdraft Protection Loan2 from Service First. Overdraft Protection is a line of credit loan up to $1,500 that is attached to your checking account. If you write a check and did not have enough funds in your checking account, this loan could cover the difference. To protect your account, apply for an Overdraft Protection Loan online or stop by any of our four locations.

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Overdraft Privilege

Having a check returned due to insufficient funds can be costly. And if you do not have sufficient funds in your account, a debit card transaction will not be approved, which can be frustrating when trying to purchase, gas, groceries or other everyday expenses. That is why we offer Overdraft Privilege.

As long as you keep your checking account in good standing, Service First may honor overdrafts up to $800. We will automatically cover overdrafts for checks, automatic bill payments, recurring debit card payments, and other transactions made using your checking account number. At your request, you can authorize us to cover debit card and ATM transactions. You will need to “opt in” by completing the information below, or call us at 605-336-1047.

There is no cost for this program, unless used. If we cover the overdraft, you will be assessed our standard overdraft fee1 for each item returned. All negative balances must be brought positive within 45 days. Service First reserves the right to not pay if the account is not kept in good standing.

1. Fee amounts are subject to change. Contact Service First to obtain our current fee schedule.

2. Overdraft Protection Loan is subject to credit approval.


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Opt In Form for Additional Overdraft Privilege Coverage

This notice explains our Overdraft Privilege practices.

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

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to:

  • 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.

Under our standard overdraft practices:

  • We will charge you a fee of $30.00 each time we pay an overdraft.
  • Overdraft Privilege will generally be limited to an $800.00 overdraft (negative) balance for eligible checking account types.
  • There is no limit on the total fees we can charge you for overdrawing your account.

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 605-336-1047 or complete and submit the form below to”opt-in” to cover debit card and ATM transactions:


After submitting this form, Service First FCU will send you a confirmation of opt-in letter in the mail to verify this action.