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 may cover your overdrafts in two different ways:
- We have standard overdraft practices that are a service of some accounts.
- We also offer overdraft protection plans, such as a sweep from another 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 may 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 BankTexas pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of up to $24.95 each time we pay an overdraft
- BankTexas will not assess more than $150 in overdraft and/or NSF fees to any individual account per business day.
For maximum coverage BankTexas can authorize and pay overdrafts on ATM and everyday debit card transactions. If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call us at 903-763-2264 or complete the opt-in/out form below and click submit.