What is your policy on overdrafts?

First Niagara Bank has specific policies regarding overdrafts, which are generally designed to help customers manage their accounts effectively. When an account holder attempts to withdraw more money than is available in their account, an overdraft occurs. First Niagara typically offers overdraft protection options that can assist customers in avoiding fees associated with these occurrences. One common feature is linking a savings account or a line of credit to the checking account. This allows funds to be automatically transferred to cover overdrafts, potentially reducing or eliminating related fees. Additionally, First Niagara may allow customers to opt-in for an overdraft service that permits transactions even when the account balance is insufficient, though this usually incurs a fee for each transaction that leads to an overdraft. First Niagara Bank may also provide information about daily transaction limits, as well as the fees that can be incurred for overdrafts. Customers are encouraged to regularly monitor their account balances to prevent overdraft situations. It is advisable to familiarize oneself with the specific terms and conditions related to overdrafts by exploring the information available on First Niagara’s official website. This can ensure that customers understand how to manage their accounts wisely and avoid unexpected charges. For the most detailed and accurate information, individuals may want to look for the latest guidance directly on the First Niagara website.