Overdraft Protection
Overdraft Protection 2 can be made available by linking one of your qualifying First Federal Savings deposit accounts to your N.O.W. or checking account.
If your NOW goes in the negative, funds will be transferred from your savings account in $0.01 increments. The funds must be available in your other account. Each day there is a transfer you are charged a fee out of the account the funds came out of.
Line of Credit Overdraft Protection
We also offer an Overdraft Credit Line.
Credit-line money comes out of a loan account in $50.00 increments. This must be approved by a loan officer or manager. Loans go up to $500.00. Over $500.00 loan applications must be filled out. The repayment of principal and interest will be automatically deducted from your NOW account.
Account Opening Policy
First Federal Savings is happy to open accounts for anyone living in the mid-coast area on a permanent or seasonal basis. Valid, non-expired picture identification and social security card required. People under the age of 18 must have a parent or guardian for certain accounts.
Account Disclaimer
Please note that this is a consumer account. For-profit organizations, partnerships and certain other entities may not be eligible for this type of account. Fees could reduce earnings. For variable rate accounts, rates may change after the account is opened.
1. Must maintain a $100 minimum monthly average balance.
Patriot Act
When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents. We proudly support all efforts to protect and maintain the security of our customers and our country. Read more about the Patriot Act HERE.