Overdraft Protection

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 that works for you.

Benefits of Overdraft Protection

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

Overdraft Privilege is available with most checking accounts and covers checks, ACH (Automated Clearing House) and bill pay items.

  • 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
  • Maximum 5 charges per day, no matter how many items are paid or returned
  • Subject to approval
  • With authorization, the protection outlined above can be extended to ATM or debit card transactions. 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.

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
  • Maximum 5 charges per day

1. Transfers made from savings are limited to six per month, per federal regulations. Transfer from Savings Fee is waived for Premium Checking Accounts.

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.