Overdrafts and Overdraft Fees
State Bank & Trust understands that unexpected overdrafts occur from time to time–Overdraft protection can help.
What you need to know about overdrafts and overdraft protection.
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:
- We have standard overdraft practices that come with your account.
- We also offer overdraft protection plans, such as a link to another account or ready reserve, which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.
This page 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 will not authorize and pay overdrafts for the following types of transactions without your consent.
- 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 State Bank & Trust pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of up to $33 each time we pay an overdraft if your account is overdrawn more than $5
- We will not charge you a fee if your account is overdrawn by $5 or less on any given day
- There is a limit of $165 per day on the total fees we can charge you for overdrawing your account