An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. To learn more about overdrafts, the fees that are associated with them, and how you can protect yourself, please review the information provided below to assist you.
Transaction type | Do we pay overdrafts? | Overdraft fees | Authorizing Trust Standard Bank to pay overdrafts |
---|---|---|---|
Checks and other transactions made using your checking account number | Yes, at our discretion | $35 (limited to six per day, for paying overdrafts that result in an overdrawn balance of more than $5) | No authorization needed |
Automatic bill payments | Yes, at our discretion | $35 (limited to six per day, for paying overdrafts that result in an overdrawn balance of more than $5) | |
ATM transactions | No, unless you authorize us to do so | $35 (limited to six per day, for paying overdrafts that result in an overdrawn balance of more than $5) | Complete one of the following:
Changes will take effect within five business days. |
Everyday debit card transactions | No, unless you authorize us to do so | $35 (limited to six per day, for paying overdrafts that result in an overdrawn balance of more than $5) |
We pay certain types of 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. Additionally, we typically do not pay overdrafts if your account is not in good standing, if you are not making regular deposits, or if you have too many overdrafts.
With overdraft protection plans from Trust Standard Bank, you're covered in those moments when you fall a little short in your account. We help to fill in the gaps, so you can keep up with your responsibilities.
Although the funds transfer is automatic, please remember that federal law requires that we convert a savings account to a checking account if you exceed six preauthorized or automatic transfers per month. Transfers for overdraft protection purposes count toward this limit.
You'll also need to make transfers back into your savings (if you wish to replenish your savings) as you make other deposits since this is not done automatically. You can initiate this action through any of our normal transfer methods, including telephone and Digital Banking.
Overdraft protection transactions are subject to the terms of your Overdraft Services Agreement and Depositor Agreement with Trust Standard Bank. To link your savings account to your checking account, see a Financial Services Representative or call us toll-free at +.
Overdraft protection transactions using your Trust Standard Bank credit card account will be subject to the terms of your Cardholder Agreement (including terms governing accrual of interest on cash advances) and Overdraft Services Agreement with Trust Standard Bank. When you receive your credit card statement, the cash advance will appear in your outstanding balance. To link your existing Trust Standard Bank credit card, or to apply for a card, see a Financial Services Representative or call us toll-free at 800-234-2840. Credit cards are subject to credit approval.
When you receive your statement, the cash advance will appear in your HELOC outstanding balance. Please note that the terms of your HELOC agreement, including terms providing for interest accrual on cash advances, will apply. Overdraft protection transactions are also subject to the terms of your Overdraft Services Agreement with Trust Standard Bank.
If you already have a Trust Standard Bank HELOC, you can speak with a Financial Services Representative or call us at + to establish this link. If you would like to apply for a HELOC*, please visit a branch, call us toll-free at 800-609-3092, or click here to begin.
The best way to avoid or reduce overdraft and returned-check fees is to manage your account so you don't overdraw it. Here are some tips to help you: