Bounce Protection

A link to another account or line of credit may be less expensive than an overdraft. A single larger overdraft will result in one fee, instead of multiple smaller overdrafts. Use our mobile, online, and telephone banking services to track your balance. For financial education resources, please visit www.mymoney.gov.

The $28 Non-Sufficient Funds Paid Service Charge that is charged if you overdraw your account is the same fee that is charged if an item is returned as unpaid. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Non-Sufficient Funds Paid Service Charge or a Non-Sufficient Funds Return Charge of $28. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee.

For consumer accounts, there is a limit of 5 Non-Sufficient Funds Paid Service Charges ($140) per day we will charge you for overdrawing your account. We will not charge an Non-Sufficient Funds Paid Service Charge if a consumer account is overdrawn by $5 or less.

Recipients of federal or state benefits payments who do not wish us to deduct the amount overdrawn and the Non-Sufficient Funds Paid Service Charge from funds that you deposit or that are deposited into your account may call us at (937) 695-0331 to discontinue Overdraft Privilege.

If an item is returned because the Available Balance (as defined below) in your account is not sufficient to cover the item and the item is presented for payment again, First State Bank (“We”) may charge a Non-Sufficient Funds Return Charge each time we return the item because it exceeds the Available Balance in your account. Because we may charge a Non-Sufficient Funds Return Charge each time an item is presented, we may charge you more than one fee for any given item as a result of a returned item and re-presentment of the item. When we charge a Non-Sufficient Funds Return Charge, the charge reduces the Available Balance in your account and may put your account into (or further into) overdraft. If, on re-presentment of the item, the Available Balance in your account is sufficient to cover the item we may pay the item, and, if payment causes an overdraft, charge an Non-Sufficient Funds Paid Service Charge. We may use the terms “item” and “transaction” interchangeably.

This describes the posting order for purposes of determining overdrafts. We generally pay ATM and POS transactions first, on-us checks second, and foreign checks and ACH transactions third. Each transaction type is paid in the order of low to high by dollar amount; however, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Holds on funds (described herein) and the order in which transactions are posted may impact the total amount of Non-Sufficient Funds Paid Service Charges or Non-Sufficient Funds Return Charges assessed.

Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice.

Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Terms and Conditions of Your Account. The total (negative) balance, including all fees and charges, is due and payable upon demand.

We may be obligated to pay some debit card transactions that are not authorized through the payment system but which we are required to pay due to the payment system rules, and as a result you may incur fees if such transactions overdraw your account. However, we will not authorize debit card or ATM transactions unless your account’s Available Balance (including Overdraft Coverage Options) is sufficient to cover the transactions and any fee(s).

Giving us your consent to pay everyday debit card and ATM overdrafts on your consumer account (Extended Coverage) may result in you incurring Non-Sufficient Funds Paid Service Charges for transactions that we would otherwise be required to pay without assessing an Non-Sufficient Funds Paid Service Charge. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit. If you consent to Extended Coverage on your consumer account, it will remain on your account until it is otherwise withdrawn. 

An Overdraft Privilege limit of $500 will be granted to eligible consumer checking accounts opened at least 30 days in good standing.

Overdraft Privilege may be suspended if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 30 days for a minimum of one business day. You must bring your account balance positive for at least one business day to have the full Overdraft Privilege limit reinstated.