Here's what you need to know about overdrafts on debit card purchases and ATM cash withdrawals

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 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 that may be less expensive than our standard overdraft practices.
What are the standard overdraft practices that come with my account?

With our Overdraft Privilege, we may authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
  • Recurring debit card transactions, such as subscriptions or gym memberships

We may not authorize and pay overdrafts for the following types of transactions unless you opt-in (see below):

  • ATM transactions
  • Everyday debit card transactions, such as groceries, gasoline purchases, or dining out

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 ATM or other everyday debit card transactions will be declined.


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

Under our standard overdraft practices:

  • We will charge you a fee of $39.50 each time we pay an overdraft that overdraws your account by more than $10.
  • The maximum number of fees assessed on paid overdraft items is limited to six per day.
  • A $5 daily fee will be charged starting three business days after the account is first overdrawn.
What if I want First American Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?
  • You can call our Bank by Phone service at (847) 952-3000 and enter your information into our secured automated system or you can visit one of our branches.
  • You may also revoke Overdraft Privilege at any time by visiting a First American Bank branch or by calling our Bank by Phone service at (847) 952-3000.
We also have tools to help you avoid overdrawing your account.
  • Online and Mobile Banking – Check your account balance, transfer funds, locate First American Bank branches and ATMs, and more 24 hours a day, 7 days a week.
  • Account Alerts – Set alerts in Online and Mobile Banking to get notified if you’ve reached your specific balance limit.
  • Bank-by-Phone – Call (847) 952-3000 to check your balance, verify your ATM withdrawals, and more.



First American Bank is a full-service bank with locations in Illinois, Wisconsin and Florida.