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What You Need to Know about Overdrafts and Overdraft Fees (Opt in/Opt out)

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 overdraft 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 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 and Trust Company, Inc. pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $25 each time we pay an overdraft.
    Accounts overdrawn $1.00 or less will not be charged an overdraft fee.
    All items of $1.00 or less will not be charged an overdraft fee.
    Accounts overdrawn more than $1.00 and less than $10.00 will be charged $5.00.
  • Also, if your account is overdrawn for 5 or more consecutive business days, we will charge an additional $5 per day.
  • For consumers, the maximum number of chargeable overdrafts per day is six.

What if I want First State Bank and Trust Company, Inc. 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, please complete the form below and select "Opt-In: Check this box to opt-in". Or you can call us at (573) 333-1700, or click here to download this form (in .pdf format) to print and mail to us. You will need to list each account tied to an ATM or debit card individually. Please note: Any accounts that have an ATM or debit card tied to them that you do not list will not be opted in.

What if I want to revoke my consent allowing First State Bank and Trust Company, Inc. to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want to revoke your consent allowing First State Bank and Trust Company, Inc. to authorize and pay overdrafts on ATM and everyday debit card transactions (either for one or all of your accounts), please complete the form below and select "Revoke: Check this box to revoke". Be sure to include all account numbers that you wish to revoke your consent to opt-in for overdraft protection. Please do not include any accounts where you wish to keep overdraft protection. Or you can call us at (573) 333-1700, or click here to download this form (in .pdf format) to print and mail to us.

By clicking "Revoke: Check this box to revoke", to the extent that I have previously consented to the authorization and payment of overdraft on my ATM and everyday debit card transactions by First State Bank and Trust Company, Inc. by completing this form, I hereby revoke such consent with respect to the account(s) identified below.

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