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Kansas State Bank, Ottawa, KS

Overdrafts - What you need to know

What is an overdraft and when does it occur?

An overdraft occurs when you do not have enough money in your account to cover a transaction but we pay it anyway. We have standard overdraft practices that come with your account.  

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
  • ACH debit transactions presented against your accout
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to by Opting-In.
  • 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 Kansas State Bank pays my overdraft?


Under our current standard overdraft practices: 
  • You will be charged an Overdraft Item fee of $33.00 per item. We will charge you for each paid overdraft item per day up to a maximum of five (5), regardless of the number of overdraft items presented each day.
  • Also, if your account is overdrawn for 4 or more consecutive business days, we will charge an additional $5 negative balance fee per business day beginning on the 4th business day.
    • There is no limit on the total negative balance fees we can charge you for overdrawing your account.

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


Kansas State Bank will authorize the payment of overdrafts on your ATM and one-time debit card transactions if you elect to opt-in.  Fill out Opt-In form and and bring to any of our branches, you may also fax or email us the form.  


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.


Give us a call or stop by one of our branches for details.