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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 a link to a savings account and overdraft protection lines of credit, 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 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 ComunityBank of Texas pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $30 each time we pay an overdraft.
  • There is no limit on the total fees we can charge you for overdrawing your account.

What if I want CommunityBank of Texas to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call us at 1-866-427-9306 or complete the form below and drop off at your branch or mail it to the address shown above.

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Opt Out / Opt In Options

By Opting OUT you do not want CommunityBank of Texas to authorize and pay overdrafts on my ATM and everyday debit card transactions.

By Opting IN you want CommunityBank of Texas to authorize and pay overdrafts on your ATM and everyday debit card transactions.

Please provide account numbers (personal accounts only) and your Opt Out / Opt In choice for each account.

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Notice: You have a right to revoke your decision to opt-in at any time.
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