Overdraft Privilege

We get it; life happens.  TexasBank Overdraft Privilege can provide you with the peace of mind and financial security for your checking account. Once qualified: 
 
  • Overdraft protection prevents costly fees by covering shortfall in account funds, saving you money.
  • It safeguards your credit score from negative impacts due to missed payments or insufficient funds.
  • Ensures smooth transactions like bill payments and purchases even with a temporarily low account balance.
  • Offers flexibility for necessary transactions, avoiding declined payments and simplifying financial management.
  • Provides emergency support during financial challenges, acting as a safety net for temporary setbacks.

Ensure financial stability and avoid unnecessary stress by enrolling in overdraft protection today to protect your checking account and maintain financial peace of mind.




$300-$500.00 Overdraft Privilege - $25.00 Fee for each item paid in overdraft.
 
(A Discretionary Overdraft Service)
 
It is the policy of our Bank to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.

Opt In/Opt Out

 

Additional Services Offered






24 Hour Telephone Banker

Accessing your accounts is as close as the nearest phone. With the 24 Hour Telephone Banker system, you can access your accounts any time of the day or night.

  • Access the bank from any touchtone phone
  • Available 24/7
  • Check account balances
  • Transfer funds
  • See if a check has cleared
  • Get the latest rate information
  • Find out about special offers and promotions
  • PIN required
  • Follow the easy-to-use inquiry selections

Call (877) 866.9028 to get started! Also, in Spanish!

Tambien puede llamar en español.  ¡Llame (877) 866.9028 para empezar!

Safe Deposit Boxes
Add an extra layer of protection to your most valuable possessions. Stop by one of our locations to get details about safe deposit box rental.

Contents are not insured or guaranteed by the bank, the FDIC, or by any other government agency.

Wire Transfers
Move money across county, state, country, or even worldwide with ease. We offer our customers domestic and international wire transfer capabilities. It’s a convenient, fast, and reliable method of delivering funds to anywhere in the world.

To Transfer:

Teller Services
Enjoy a number of in-branch services, including:
  • Notary public
  • Cashier’s checks
  • Money orders

Digital Services:

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Bill Pay
  • Pay one-time or recurring bills with ease for free:
    • Schedule payments in advance
    • Set up payment reminders
    • Ensure payments are received on time
    • Have all payee information in one convenient place
  • Retain funds until paper drafts are presented for payment
  • Avoid paper clutter
  • More secure than paper billing
  • Make more time for yourself, fewer bank trips necessary
  • Print or download to popular financial management software like QuickBooks, Quicken or Mint
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Mobile Deposit
  • Deposit up to $1,000 per day with a deadline of 5:30pm for same business day credit1
  • Available for customers with a TexasBank checking account
  • Save time, avoid unnecessary trips to a branch
  • Deposit your check with a few taps of your finger:
    • Take a picture of the front and back of your check, following the on-screen instructions (make sure you sign it)
    • Select the checking account into which you want to make the deposit
    • Enter the check amount
    • Verify that everything on the screen is correct, then submit it
    • We'll confirm that the check has been received
Important: When you endorse your check for mobile deposit, please also write "For Mobile Deposit Only at TexasBank.”
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eStatements
  • Save paper and save the environment
  • Fast, free, and easy alternative to paper statements
  • Easier to retrieve info when needed
  • Eliminate a paper trail
  • Reduce chances of fraud and identity theft
  • Arrive faster than paper statements
  • Simplify recordkeeping
  • Easily access past statements
  • Ability to download for permanent storage or print if needed
  • Receive email notice when new eStatement is ready








What You Need to Know about ATM/Debit Card Overdraft Services
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 a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

What fees will I be charged if TexasBank pays my overdraft?
Under our standard overdraft practices:
  • We will charge you a fee of up to $25 each time we pay an overdraft.
  • We will charge no more than six fees per day and there is no charge for a balance not exceeding negative $10.

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 unless you ask us to:
  • 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 if l want TexasBank to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 800.281.3889, submit the Opt In/Opt Out form, or visit any of our locations.
Overdraft/Returned Item Fee
  • Overdraft Fee: $25.00 per item paid against a non-sufficient funds balance.
  • Returned Item Fee: $25.00 per item returned unpaid that was presented against a non-sufficient funds balance.
The fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. A non-sufficient funds balance may result from: A) The payment of checks, electronic funds transfers, or other withdrawal requests; B) Payments authorized by you; C) The return, unpaid, of items deposited by you; D) The imposition of bank service charges; or E) The deposit of items which according to the bank's Funds Availability Policy, are treated as not yet "available" or finally paid. We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically returning, unpaid, any non-sufficient funds items that you may have, if your eligible account (primarily used for personal and household purposes) has been open for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least: (A) Continuing to make deposits consistent with your past practices, and depositing at least $300 or more in your account within each thirty (30) day period, (B) You are not in default on any loan obligation to TexasBank, (C) You bring your account to a positive balance (not overdrawn) at least once every thirty (30) days, and (D) Your account is not the subject of any legal or administrative order or levy, we will consider, as a discretionary courtesy or *service and not a right or obligation on our part, approving your inadvertent overdrafts. This discretionary *service will generally be limited to a $500 overdraft (negative) balance for eligible Personal Checking accounts and $750 overdraft (negative) balance for eligible Commercial Checking accounts. Of course, any and all bank fees and charges, including without limitation our returned item/overdraft fees (as set forth in our fee schedules) will be included in this limit. ACH, ATM, POS, and all other electronic funds transactions process before checks or other withdrawal requests.

We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our Returned Item and/or Overdraft Fee(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our Returned Item and/or Overdraft Fee(s).


LIMITATIONS: Available only to eligible checking accounts. (Money Market and Savings accounts, Minor accounts, and Public Fund accounts are not eligible) We may limit the number of accounts eligible for the Overdraft Privilege *service to one account per household.

If you wish to decline the Overdraft Privilege* service, simply call the bank at (800) 281-3889 and request the overdraft limit be removed from your account.

Returned Item/Overdraft (OD) fees will be limited to six (6) per day.

No Returned Item/Overdraft fee will be imposed if your balance does not fall below a $10.00 overdraft (negative) balance.

*The Overdraft Privilege service does not constitute an actual or implied agreement between you and the bank. Nor does it constitute an actual or implied obligation of or by the bank. This service represents a purely discretionary courtesy or privilege that the bank may provide to you from time to time and which may be withdrawn or withheld by the bank at any time without prior notice or reason or cause.


















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