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:
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:
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
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 Commercial Bank of Texas, N.A. pays my overdraft?
Under our standard overdraft practices:
What if I want Commercial Bank of Texas, N.A. 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, please call toll free (888) 776-2240 24 hours a day and choose Option 8. You may also visit www.cbtx.com, or complete the form below and drop it off at any branch or mail it to: CBTx – Opt In, PO Box 635454, Nacogdoches, TX 75963-5454.
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If you do not Opt In by August 15, 2010, we will not provide Overdraft Privilege coverage for any ATM or everyday debit card transaction that would cause your account to reach a negative balance. If there are insufficient funds in your account, the debit card or ATM transaction will be declined.