Bounce Protection

At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience. At First State Bank & Trust Company, we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned. That’s why we provide Bounce Protection, a special overdraft service for First State Bank's customers.

What is Bounce ProtectionSM?

Bounce ProtectionSM is a discretionary overdraft service requiring no action on your part that provides you a safety net up to an automatically assigned overdraft limit. Your Bounce Protection limit may be available for checks and other transactions made using your checking account number or automatic bill payment and recurring debit card payment. At your request, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit. You may opt out of this privilege by contacting First State Bank & Trust Company at (903) 693-6606.

What does my Bounce Protection privilege cost?

There is no additional cost associated with this privilege unless you use it. You will be charged our Overdraft Paid Fee of $30 for each overdrawn item created by a traditional paper-based check, a teller withdrawal, an automatic payment (ACH) transaction, or a recurring debit card payment. Also, if you have requested us to do so, we may authorize and cover ATM transfers or withdrawals and everyday debit card purchases.

How quickly must I repay my Bounce Protection?

You should make every attempt to bring your account to a positive end-of-day balance as soon as possible, and must do so within 30 calendar days. If you are not able to do so, you will receive a letter from First State Bank & Trust Company informing you that your Bounce Protection limit has been suspended and additional items will be returned. If your limit is suspended, unless we notify you otherwise or you request this service be removed from your account, your limit will be made available to cover overdrafts again the first business day after you bring your account to a positive end-of-day balance.

What if I go beyond my Bounce Protection limit?

Overdrafts above and beyond your established Bounce Protection limit may result in checks or other items being returned to the payee. The Nonsufficient Fund Fee of $30 will be charged per item and assessed to your account. An OD/NSF notice will be sent to notify you of items paid and/or returned.

What do I have to do to get Bounce Protection on my account?

If you have a checking account with First State Bank & Trust Company, your designated Bounce Protection limit is automatically assigned to your account. As long as you keep your account in good standing you can enjoy this extra feature on your account. New accounts have a 30 day waiting period before Bounce Protection is applied to the account.

You may opt out of this privilege at any time, but you are responsible for any overdrawn balances at the time of opting out. If you would like to have this service removed from your account, please call (903) 693-6606.

What is my Bounce Protection limit?

To see what your Bounce Protection limit is, find your account type in the chart below.

  • First Value Checking: $300
  • Student Checking: $300
  • Regular Checking: $600
  • Regular Checking with Club: $600
  • Money Market: $2,000
  • Super Money Market: $2,000
  • NOW: $2,000
  • Super NOW: $2,000

IMPORTANT NOTE: If you use our 24-hour Voice Banking Service, the available balance you will be given does not include your Bounce Protection limit.

*For overdraft privilege consideration, your account is in “good standing” if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all First State Bank & Trust Co. fees and charges); (2) avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; and (3) have no legal orders, levies or liens against your account. 

The Bounce ProtectionSM logo is a registered trademark of Pinnacle Financial Strategies.