We will be performing scheduled maintenance on all Austin Bank systems Saturday, January 22 from 1:00 p.m. to 5:00 p.m. Online & mobile banking will be down. Debit card / ATM transactions over $500 may be affected during this time.

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Overdraft Services

Our Solution to Overdrafts

Due to federal regulations, Austin Bank will require that you give us permission to provide you with overdraft services on everyday debit card transactions.

Everyday debit card purchases are anytime you use your debit card for a one-time transaction such as the grocery store, restaurant, gas station or doctor’s office.

Please consider the ways you use your debit card and make the choice that is right for you.

The BENEFITS of overdraft protection:

  • It is convenient
  • It saves embarrassment
  • It provides a safety net
  • It is good to have in an emergency

If you decide to OPT-IN:

  • The bank will try to cover your everyday debit card and ATM transactions regardless of the funds that exist in your account (ATM daily limits also apply).
  • There is no fee to OPT-IN to the protection.
  • There is a $30 overdraft fee each time we pay a transaction when you have insufficient funds available. You will incur the fees ONLY if we actually cover the overdraft for you.

If you decide NOT to OPT-IN 

The bank will not cover your everyday debit card and ATM transactions when there are insufficient funds in your account and your transaction will be declined.

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 use the ledger balance method to determine if your account is overdrawn, that is, whether there is enough money in your account to cover a transaction.  (See the Bank's Terms and Conditions: Overdraft and Non-Sufficient Funds Fees for more information and a further explanation of services.) 

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 checking or savings account or a line of credit (subject to 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?

We may authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
  • Recurring debit card transactions (such as utility bills)

We will 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 Austin Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $30 (per item, per occurrence) each time we pay an overdraft.
  • We will charge you a fee of up to $30 for each item, per presentment, that we return unpaid for non-sufficient funds (NSF), even if we later cover the item, in our discretion, as an overdraft and impose an overdraft fee.
  • There is no limit on the number of overdraft or NSF fees that may be assessed; however, your account will not be charged an NSF fee for any returned item that is $5.00 or less, nor an overdraft fee for any paid overdrawn item that is $5.00 or less.

What if I want Austin Bank to authorize and pay overdrafts on my everyday debit card and ATM transactions?

If you also want us to authorize and pay overdrafts on everyday debit card and ATM transactions, call our Customer Care Center at 800-644-9275; call or visit your local Austin Bank office; or complete the Opt-In form below.

Click the button below to enroll opt-in for Overdraft Protection.

Overdraft Protection Opt-in

To view our full Overdraft and NSF Terms and Conditions document, click here.

* After a new account has been opened for 30 days, as a non-contractual courtesy, we may pay your overdrafts up to an amount determined by your account history. The purpose of this program is to cover inadvertent overdrafts. Normal overdraft fees ($30 per occurrence) apply and will be deducted from available overdraft limit. You agree to make a deposit sufficient to cover the overdraft within 30 days. We reserve the right to refuse to pay any overdraft at any time. Returned item fee is $30 also. This fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means.