Overdraft Protection

Gain peace-of-mind!

Sometimes you make mistakes. You miscalculate the balance in your individual or business checking account … or you don’t have time to make a deposit to your account before your funds are drawn against.

We get it. After all, we’re all human. That’s why Kennebec Federal Savings offers overdraft protection plans to help you.

  • Avoid the embarrassment and frustration of a “bounced” check or declined transaction due to insufficient funds in your individual or business checking account
  • Prevent fees from payees for returned checks or late payments

Overdraft Transfer Arrangement

With an Overdraft Transfer Arrangement, Kennebec Federal Savings will automatically transfer funds from your savings account to your checking account if your checking account becomes overdrawn.  Overdraft Transfer Arrangements are available for individual and  business checking accounts.

Features
  • Funds are automatically transferred from your KFS savings account to your KFS checking account if your individual or business checking account becomes overdrawn.
  • There is no enrollment fee and no annual fee.
  • Transfers are made for the exact amount needed to cover the overdraft.
  • Transfers are not made if the overdraft amount exceeds the available balance in your savings account.
  • A fee of $3.00 is deducted from your checking account for each transfer made to cover an overdraft.

 Contact the KFS Customer Service Team to enroll.  Call  207-873-5151 or toll free 1-888-249-0606.

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Overdraft Reserve

Overdraft Reserve from Kennebec Federal Savings is an overdraft line of credit linked to your checking account.*  If your individual or business checking becomes overdrawn, we’ll transfer funds from your Overdraft Reserve credit line.

Features
  • Transfers are made for the exact amount needed to cover the overdraft.
  • There is no enrollment fee and no annual fee.
  • You will receive a monthly bill for the amount due.

* Subject to credit approval.  Please contact a KFS Representative for complete details.

 Download Application

 

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