Overdraft Options

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

Online, mobile banking and account alerts offer numerous ways to monitor your account and reduce the risk of overdrafts, but should you accidentally overdraw your account, First State Bank offers a range of overdraft options so you can choose one or more options that work for you.

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

Overdraft Privilege is automatically enabled on most First State Bank checking accounts and covers checks, ACH (Automated Clearing House) and bill pay items. 

• Subject to approval.
• Overdraft limit depends upon your account scoring.$34 fee each time we pay an overdraft. The cost will be based upon the dollar amount of the item that will cause the account to be overdrawn.
• $10 fee for each overdraft item paid that is over $5 and up to $20.
• $34 fee for each overdraft item paid that is greater than $20.
• No overdraft fee will be charged if your total overdrawn balance is $5 or less.
• No overdraft fee will be charged for each overdraft item that is less than or equal to $5.
• $35 charge after the eleventh business day for overdraft balances $50 and over.
• There is a limit of five overdraft fees per day that will be charged when an account is overdrawn.
• With authorization, the protection outlined above can be extended to ATM or debit card transactions. This is known as Debit Card Protection. You can access the authorization form here.

There are additional options 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

Overdraft Line of Credit allows you to link a credit line to your checking account to pay for overdraft transactions.  A transfer from the line is made generally in $100 increments to cover the overdraft.  The Annual Percentage Rate for the Line of Credit can range from 12% to 14% and qualifying standards apply. You can access an online application here.  

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