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State Account Overdraft Privilege Program

You must specifically request ATM and everyday debit card purchases be included in the coverage provided by your State Account Overdraft Privilege limit. If you do not make this request (provide consent), that means if you use your debit card and there is not enough money in your account or if a deposit is not yet available, your card will be denied.

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For questions or problems, please call 1-877-455-1301.

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:

1. We have standard overdraft practices that come with your account.

2. We also offer overdraft protection plans, such as sweeps from a checking or savings account or an Overdraft Privilege Line of Credit (requires Credit approval), 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 come with my account? (Basic Coverage)

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 State Bank & Trust Company pays my overdraft?

Under our standard overdraft practices:

•         We will charge you a fee of $38.50 each time we pay an overdraft.

•         The maximum number of overdraft fees you may be charged in a day for overdrawing your account is 5, or $192.50.

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