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Discretionary Overdraft Privilege

 What you need to know about our overdraft services

An overdraft occurs when a customer does not have enough money in his/her account to cover a transaction, but we pay it anyway. We can cover overdrafts in two different ways:
  • We have a standard Discretionary Overdraft Privilege Service that come with most accounts
  • We also offer other options, such as a link to a PlainsCapital savings account

Standard overdraft practices

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

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
As of Aug. 15, 2010, we can no longer automatically authorize and pay overdrafts for the following types of transactions unless you tell us you want to us to:
  • ATM withdrawals
  • One-time 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.

Fees charged if PlainsCapital pays an overdraft

Under our standard overdraft practices:

  • We will charge a $35 fee each time we pay an overdraft
  • You will be charged for no more than four (4) overdraft item fees and NSF item fees per day.