Courtesy Coverage

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.  Our standard overdraft practice, known as Courtesy Coverage, comes with your
     2.  We also offer overdraft protection plans, such as our Checkmate loan product or
          the ability to link to a savings account, which may be less expensive than 
          Courtesy Coverage.   

To learn more, visit with a customer service representative at one of our three walk-in facilities about these plans.


What does Courtesy Coverage, included with my account, involve? 

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

     1.  Checks and other transactions made using your checking account number
     2.  Automatic bill payments

After August 15, 2010, we will not authorize and pay overdrafts for the following types of transaction unless you ask us to (see below):

     1.  ATM transactions
     2.  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.  If you would like to Opt-In and approve us to pay these type of transactions, please click here  for a form to complete and return to one of our facilities.


What fees will I be charged if West Plains Bank and Trust Company pays my overdraft?

Under our standard overdraft practices:  We charge you a fee of up to $29 each time we pay an overdraft item.  There is no limit on the total fees we can charge you for overdrawing your account.