Regulation E: Overdraft Services

Government Mandated Changes Go Into Effect July 1, 2010

To opt in or out of overdraft protection, please complete the form online.

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:

  1. We have standard overdrafts practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft program 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
  • Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • 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.

What fees will I be charged if First State Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee up to $28 each time we pay an overdraft.
  • An extended overdraft service charge of $10.00 every ten (10) calendar days the balance in your account continues to have a negative (overdrawn) balance.
  • There is no limit on the total fees we can charge you for overdrawing your account.

What if I want First State Bank to authorize and pay overdrafts on my ATM and everyday Debit Card Transactions?

If you want us to authorize and pay overdrafts on ATM and everyday Debit Card Transactions, visit our website, call, or complete the form online and either mail or present it at a First State Bank branch.
Phone:                                           (866) 214-5027
Website:                                        WWW.FIRSTSTATE-TEXAS.COM
MAILING ADDRESS:              P.O. Box 311239, New Braunfels, TX 78131