Guard against returned checks with automatic transfer options. We offer a convenient way to protect you from embarrassment and additional costs associated with returned checks. It's easy to make a mistake; let us help you protect yourself.
Choose between three great automatic transfer options; Savings or Market Interest account, Balance Plus line of credit or a First Interstate MasterCard®. Savings or Market Interest Accounts and Balance Plus Line of Credit are activated automatically, so the transfer covers your checks before you get into an overdraft situation.
You can designate your First Interstate Savings or Market Interest Account as the source to cover any overdrafts in your checking account. There is a $5.00 transfer fee for this service.
The advantages of choosing this option are:
Federal Banking law sets a limit of six preauthorized transfers on savings and money market accounts per month. Transfers initiated by the Overdraft Protection Service are included in this limit.
Balance Plus* is an overdraft line of credit tied to your checking account that activates if you overdraw your account. Balance Plus can save you the embarrassment of bounced checks and the cost of overdraft fees. There is a $5.00 transfer fee for this service.
The advantages of Balance Plus include:
The Annual Percentage Rate on Balance Plus is 18.00%. Rate subject to change. Balance Plus requires credit approval and applications can be obtained at your local First Interstate branch.
Another great option for protecting against overdrafts is your First Interstate MasterCard®. Transfers occur in the amount needed to cover the overdraft plus the transfer fee and there are no set-up charges. There is a $10 transfer fee for credit card transfers up to $50 or a $19 transfer fee for transfers over $50.
There are some real advantages to choosing this option:
For more information on First Interstate Bank credit cards, stop by or call your local First Interstate branch or view more information about our Credit Cards.
*Subject to approval