Debit & ATM Cards

opt in for overdraft privileges

Debit and ATM cards are a convenience it’s hard to imagine living without. Using debit and ATM cards makes it easier than ever to make purchases and payments, but it Also makes it easier to overdraw a checking account and incur fees associated with overdraft protection services. As a result, federal lawmakers have created new rules governing overdraft protection programs that go into effect on July 1, 2010. You now have an option concerning whether you want to continue to have our overdraft service cover your ATM and everyday debit card transactions. Please take note that this opt-in rule applies only to ATM and everyday debit card transactions and does not pertain to overdraft protection services associated with written checks or recurring debit transactions, such as regularly scheduled bill payments.

Why opt in?
First State Bank’s overdraft protection is designed with your protection and convenience in mind. The vast majority of our customers do not overdraw their accounts and incur fees, however life doesn’t always go according to plan, and overdrafts do occur. Without overdraft protection, your ATM and everyday debit card transactions may be declined if you attempt to make a transaction without sufficient funds.

For existing accounts:
If you do not opt in, beginning August 15, 2010, your ATM and everyday debit card transactions will not be protected under First State Bank’s overdraft protection.

For new accounts:
If you open a new account on or after July 1, 2010, your ATM and everyday debit card transactions will not be protected under First State Bank’s overdraft protection unless you opt in.

How to opt in:
Click here to opt in online, please be sure to include your decision and account number in the comments section. OR
Click here to print and complete the opt in form. You can drop it off at any of our branches or fax it to 903-660-1080. OR
Call 903-668-4044 x101