Overdraft Protection

Try as you might to avoid it, sometimes due to an unexpected expense or a record keeping error, an overdraft can happen.

Online, mobile banking and alerts offer numerous ways to monitor your account and reduce the risk of overdrafts, but should your business account be overdrawn, First State Bank offers a range of overdraft options that might work for your business.

Benefits of Overdraft Protection

  • Protect your account from overdrafts
  • Protect your reputation
  • Avoid bounced checks and fees from retailers

Overdraft Privilege is offered with most checking accounts and covers checks, ACH (Automated Clearing House) bill pay items, everyday debit card transactions, ATM withdrawals and other transactions made with your checking account number.

Overdraft limit depends upon your account scoring

  • No fee if total overdrawn balance is less than $5
  • $34 per item over $20, $10 per item ≤ to $20
  • $7 per business day extended overdraft fee after the 5th business day and thereafter if the account remains overdrawn
  • Subject to approval

There are additional options including a Sweep Account that may be less expensive than Overdraft Privilege. Visit a branch or contact us to learn more or request one of the following options:

Transfer from Savings allows you to link another deposit account to your checking account to help pay any overdraft transactions that may occur. A transfer is made generally in $25 increments (if available) to cover the overdraft and a $10 Overdraft Protection Transfer Fee (per day not per item) is accessed.1

No Protection – if you do not have enough money in your account, checks, ACH and bill pay items are returned for Non-Sufficient Funds (NSF) and a fee is assessed.  Everyday debit card and ATM transactions are declined.

  • $34 NSF fee per item over $20, $10 NSF fee per item ≤ to $20
  • No fee if total overdrawn balance is less than $5
  • $7 per business day extended overdraft fee after the 5th business day and thereafter if the account remains overdrawn

1. Transfers made from savings are limited to six per month, per federal regulations.

Overdraft Privilege is not a contract or obligation of the bank to pay overdrafts but rather a discretionary customer service which allows customers to overdraw an account. Any items presented that overdraw the account may be returned unpaid with the applicable non-sufficient fund fee charged for each item.