What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways;

  • We have standard overdraft practices that come with your account
  • We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions

  • Checks and other transactions made using your checking account number
  • Account bill payments

We do not authorize and pay overdrafts for the following types of transactions.

  • ATM transactions
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

Overdrafts must be repaid or covered within 30 days of when the overdraft occurred.

What fees will I be charged if First State Bank pays my overdraft?
Under our standard overdraft practices for consumers;

  • We will charge you a fee of $30 each time we pay an overdraft.
  • A customer will not be charged more than four (4) overdraft/ returned item fees per day.

You are leaving First State Bank's Web Site

The website you have selected is an external one located on another server. First State Bank has no responsibility for any external website. We neither endorse the information, content, presentation, or accuracy nor make any warranty, express or implied, regarding any external site.

Proceed Cancel
×

Unsecure Email Disclosure

Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.

Continue Cancel
×