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 as follows:
We offer overdraft protection plans, such as a link to another Texas Bank and Trust account or line of credit. To learn more, ask us about these plans.
How do the standard overdraft practices work with my account?
We may authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
- Recurring debit card transactions
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 MAY be declined.
What if I want Texas Bank and Trust to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you want us to authorize and pay overdrafts on your ATM and everyday debit card transactions, stop by one of our locations or give us a call at 1-800-263-7013.
What fees will I be charged if Texas Bank and Trust pays my overdraft?
We may charge a non-sufficient funds or overdraft fee when there is not enough funds in account to cover an item. Fees we will charge may include, without limitation:
- Overdraft Fees: Overdraft fees are based on the amount of the item. If your account is overdrawn by $10 or less on any one (1) business day, the account will not be charged an overdraft fee. On consumer accounts, we will limit the total fees we will charge for overdrawing your account to $120.00 in overdraft fees on any one (1) business day.
- $0 to $10.00 - no fee
- $10.01 to $20.00 - $10.00 fee
- $20.01 to $30.00 - $20.00 fee
- $30.01 or above - $30.00 fee
- Non-sufficient Funds Fees: A $30.00 insufficient funds (NSF) fee will be charged for any transaction drawn on your account (not including ATM or everyday debit card transaction) that we return unpaid due to insufficient funds.