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Personal Banking

Overdraft Notification

What You Need to Know about Overdrafts and Overdraft Fees

An overdraft 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 different ways:

1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to a savings account or line of credit, which may be less expensive than our standard overdraft practices. To learn more about these plans.

This notice explains our standard overdraft practices.


What are the standard overdraft practices that come with my account?

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.


What fees will I be charged if First Commonwealth pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $35 each time we pay an overdraft.
  • There is a daily limit of 4 overdraft fees per day.
  • Also, if your account is overdrawn for 4 or more consecutive calendar days, we will charge an additional $8 per day after the fourth day. This charge will apply each subsequent day of continuous overdraft until cured for a maximum of 20 days.

What if I want First Commonwealth to authorize and pay overdrafts on my ATM and everyday debit card transaction?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions call our Engagement Center at 1-800-711-BANK (2265) or call our Automated Banking Line at 1-888-711-2265 and choose option 7; or visit a local community office.


What if I do not want First Commonwealth to authorize and pay overdrafts on my account according to the standard overdraft practices?

You also have the right to opt-out of overdraft coverage on ALL transaction types covered by our standard overdraft practices, including checks and other transactions made using your checking account number, ATM and everyday debit card transactions. If you choose to opt-out, an NSF (Non-Sufficient Funds) fee of up to $35 will be charged on any such NSF items, and merchant fees may also apply. If you so wish, please call our Engagement Center at 1-800-711-BANK (2265) or call our Automated Banking Line at 1-888-711-2265 and choose option 7; or visit a local community office.

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