What is FirstPAY?
FirstPAY is a special feature for your checking account. You may, in most instances, overdraw your account to the amount approved by the bank.

How will FirstPAY help me?
FirstPAY will save you time and money when you make a mistake in maintaining your account balance, run short of cash between paydays, or experience an unexpected emergency. Plus you don’t have to pay merchant and retailer fees for returned checks!

How does FirstPAY work?
As long as your account remains in good standing and you are making regular deposits, you are allowed to overdraw your account up to $300.00 for items created by check, in-person withdrawal, ATM withdrawals or other electronic means. Your account will be charged the bank’s overdraft charge and/or the return check charge of $25 per check. These items and the charges will be subtracted from your overdraft limit.

Is FirstPAY a loan?
No, it is not a loan. It is a benefit feature provided to qualified personal deposit account holders and can be revoked or withdrawn by the bank at any time.

How do I get FirstPAY?
FirstPAY is automatically activated as long as you make regular monthly deposits and your account is in good standing.

What if I exceed my FirstPAY limit?
If you exceed your FirstPAY limit, checks may be returned when presented for payment.

How will I know when I’m overdrawn?
You will be mailed a notice. Reminder letters will be sent until your balance is positive.

What if I can’t bring my account to a positive balance?
You have 30 days to bring your account to a positive balance to avoid having your FirstPay privilege suspended or revoked.

Will all of my checks be paid?
First State Bank’s Overdraft Privilege is offered as a courtesy that will normally be extended, but some restrictions may apply. The bank reserves the right to not pay an item into overdraft, even though it may have previously paid such items, and we may change our practice without prior notice.

Please contact one of our new account representatives for more information on how you can enjoy our unique FirstPAY Program.

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