Overdraft Protection — FNB Corporation

Overdraft Protection from FNB Corporation is a comprehensive, customer-focused service designed to reduce the stress and cost associated with unexpected shortfalls in your checking account. Whether you are a long-time FNB customer or opening a new account, Overdraft Protection offers a seamless safety net that helps you manage daily cash flow, avoid returned item fees, and maintain access to funds when timing or unexpected expenses create temporary gaps.

Overview

This overdraft solution links your primary FNB checking account to one or more secondary sources of funds — such as a savings account, a pre-approved line of credit, or a credit card — and automatically transfers or advances funds to cover qualified purchases and payments. The service is built with clear, easy-to-understand rules and multiple options so you can choose the approach that fits your financial habits and goals. Enrollment is simple, and the system is designed to reduce interruptions to everyday life caused by insufficient balances while providing full disclosure of any fees or interest that may apply.

Key Features

• Flexible Funding Options: Select from transfers from a linked savings account, advances from a designated line of credit, or automatic charges to a linked credit card. Multiple sources can be prioritized to suit your needs.
• Real-Time Coverage: Transactions that would otherwise be declined or returned are covered automatically up to the approved limit, subject to account standing and available credit.
• Transparent Fees and Notices: All applicable fees, interest rates, and repayment terms are disclosed at enrollment. Alerts via online banking, mobile app, email, or SMS keep you informed of covered transactions and balances.
• Customizable Settings: Choose daily or monthly limits, opt-in for specific transaction types (for example, ATM withdrawals, debit card purchases, checks, and automatic bill payments), and set notification preferences.
• Grace and Repayment Options: Benefit from a grace period for immediate funds replacement and convenient repayment through automatic transfers or scheduled payments to minimize interest on credit advances.
• Fraud Protections and Account Safeguards: Your accounts remain protected by FNB’s security measures, including monitoring for unusual activity and the ability to temporarily suspend overdraft coverage if needed.

Benefits

Overdraft Protection helps you avoid the inconvenience and expense of returned payments, bounced checks, and declined transactions. It provides peace of mind when dealing with emergency expenses, timing mismatches between income and bills, or simple human errors. By linking to a secondary funding source you control, the service is often less expensive than paying multiple returned item or overdraft fees and may reduce stress when you need quick access to funds.

Additional benefits include improved bill payment reliability, protection of your credit reputation by avoiding unpaid obligations, and the ability to manage cash flow more effectively through consolidated alerts and easy repayment options.

How It Works

1. Enrollment: Enroll online, through the mobile app, or at any FNB branch. Choose one or more linked accounts for coverage and select your priority order for fund transfers or advances.
2. Transaction Handling: When a transaction would overdraw your checking account, the system evaluates linked sources in your chosen order and automatically transfers or advances funds to cover the item.
3. Notification: You receive a notification describing the covered transaction, the amount transferred or advanced, any fees or interest applied, and the remaining balance or available credit.
4. Repayment: If the coverage used a line of credit or credit card, repayment follows the agreement terms. If funds came from a savings transfer, the transfer is typically reversed or replaced according to your preferences and account balances.

Eligibility and Enrollment

Most retail checking accounts at FNB are eligible for Overdraft Protection. Eligibility criteria and available options depend on account type, customer relationship, creditworthiness (for credit-based coverage), and regulatory requirements. Enrollment can be completed quickly via the mobile app, online banking, or in person at any branch. Customers can modify or cancel coverage at any time. New customers may be offered overdraft options as part of their account opening package.

Fees, Limits and Terms

FNB Corporation is committed to clear fee structures and responsible lending practices. Fees for overdraft transfers from savings accounts, usage fees for lines of credit, or interest charges on credit card advances are disclosed prior to enrollment and included in account agreements. Limits on coverage amounts depend on the type of linked source: savings transfers are limited to the balance available, while credit-based solutions have approved credit limits and standard repayment terms.

Practical Examples

Example 1 — Savings Transfer: You have $50 in your checking account and a linked savings account with sufficient funds. A $120 automatic bill payment posts. Overdraft Protection automatically transfers $70 from savings to checking to cover the payment, avoiding a returned item.

Example 2 — Line of Credit Advance: You have no balance in savings and an approved line of credit attached. A $200 debit card purchase posts. The system advances $200 from your line of credit to cover the purchase. You receive a notice and the advance is repaid according to your credit agreement.

Security and Privacy

Your financial privacy and security are top priorities. Overdraft Protection transactions are processed with the same safeguards that protect all FNB accounts, including encryption, fraud monitoring, and secure authentication for online and mobile access. Account linkage and permission settings are managed securely within your profile, and you can review or change preferences at any time.

Customer Support and Additional Resources

FNB’s customer support teams are available to help you understand plan options, adjust settings, and answer questions about fees or specific transactions. Assistance is designed to be prompt and friendly so you can make informed choices about how to protect your account. Regular account statements and digital alerts provide ongoing transparency, while educational materials and in-branch consultations help you choose the best overdraft strategy for your financial life.

Choosing the Right Option

Overdraft Protection is a practical tool for many customers, but the right configuration depends on your spending patterns, savings behavior, and comfort with credit. Consider linking a savings account for low-cost transfers, or a line of credit if you need greater flexibility. Review all terms carefully, monitor your account regularly, and take advantage of alerts and budgeting tools to minimize reliance on overdraft coverage.

With transparent terms, customizable controls, and multiple funding options, Overdraft Protection from FNB Corporation is designed to be a reliable, user-friendly safety net that supports responsible money management while helping you avoid unnecessary fees and disruptions.