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. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to another account, which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.

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:

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

We will not authorize and pay overdrafts for the following types of transactions without your consent:

  • ATM transactions.
  • 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.

What fees will I be charged if GTSB pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $30.00 each time we pay an overdraft if your account is overdrawn more than $20.
  • If your account is overdrawn for 15 or more consecutive business days, we will charge an additional $5 for each of the consecutive business days the account remains overdrawn.
  • There is a limit of $120 per day on the total fees we can charge you for overdrawing your account.

What if I want GTSB to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions:

  • complete the online consent form found below and click submit
  • call any branch
  • sign into your GTSB online banking to access the Enrollment Forms section
  • visit any branch
  • email us at

You can revoke your authorization for GTSB to pay these overdrafts at any time by revisiting the link at, any of the above methods, or by mailing a revocation of consent to: P.O. Box 246, Germantown, IL 62245. Your revocation must include both your name and the last 4 digits of your account number so that we can properly identify your account.