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;

 

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

 

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

 

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.

Overdrafts must be repaid or covered within 30 days of when the overdraft occurred.

 

What fees will I be charged if First State Bank pays my overdraft?
Under our standard overdraft practices for consumers;

 

What if I want First State Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form below and mail it to First State Bank, P O Box 555, Wrens, Georgia  30833 or drop it off at any of our locations.

 

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___I do not want First State Bank to authorize and pay overdrafts on my ATM and everyday debit transactions.

___I want First State Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.

 

Signature:______________________ Office Use Only:
Date:______________________________ CSR Processing:__________________
Account Number:___________________ CLS:____________________________

 

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