Welcome to Courtesy Pay and Courtesy Pay Plus
At First State Bank of Burnet, we understand that life can be unpredictable. To help you manage those moments when funds may run short, we are excited to introduce our new discretionary overdraft services: Courtesy Pay and Courtesy Pay Plus. PLEASE NOTE: These services will begin on August 26, 2024.
What is Courtesy Pay?
Courtesy Pay is an automatic feature of your checking account. When a non-sufficient fund (NSF) item is presented against your account, such as checks, in-person withdrawals, or electronic transactions (ACH, online bill pay, recurring debit card payments), we will strive to honor and pay the item. This helps you avoid the embarrassment and hassle of returned items and potential return item fees.
What is Courtesy Pay Plus?
Courtesy Pay Plus extends the benefits of Courtesy Pay to your debit card transactions. This service covers ATM and one-time debit card transactions, but due to federal regulations, you need to opt-in.
How to Enroll in Courtesy Pay Plus:
- Click the Enroll Now button below.
- Submit Name and Email and proceed to "Begin Signing" in DocuSign
- Review and Sign Documents
Do I automatically qualify for Courtesy Pay?
Yes, your checking account automatically qualifies for Courtesy Pay.
What happens if I don’t opt-in to Courtesy Pay Plus?
Without opting in, your ATM and one-time debit card transactions may be declined if there are insufficient funds in your account.
Are there any fees associated with these services?
Yes, the bank’s current OD/NSF fee of $25.00 will be charged to your account for each NSF transaction, regardless of whether the NSF transaction is paid or not.
What if I have existing overdraft protection (Courtesy Transfers)?
Your existing overdraft protection services will remain unchanged and will be accessed before Courtesy Pay or Courtesy Pay Plus.
Can I opt-out of these services?
Yes, if you prefer not to be included in Courtesy Pay, you can call us at 512-756-2191 or visit your nearest branch. If you have already enrolled in Courtesy Pay+ (debit card transactions) and would like to opt-out of these services please click on the button below. Please note that once you have opted-out, a NSF fee will be assessed for each item that is returned.
Will the bank always pay my overdrafts?
The bank is under no obligation to pay items when your account has non-sufficient funds, even if previous NSF transactions were paid. However, we will strive to pay your overdrafts whenever possible.
What if I overdraw my account frequently?
We do not encourage customers to overdraw their accounts regularly. Abuse of Courtesy Pay and Courtesy Pay Plus may result in removal from the service.