Overdraft Opt In Heading

Overdraft Protection and Your Centennial Bank Check and Cash Card… What you need to know.

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 a personal line of credit, which may be less expensive than our standard overdraft practices. Ask your banker today for more details.

More about standard overdraft practices that come with your Centennial Bank account

1. What are the standard overdraft practices that come with my account?

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

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

We will not authorize and pay overdrafts on your everyday ATM and debit card transactions, unless you ask us to.

In general, please know Centennial Bank pays overdrafts of any kind 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 or your check returned.

2. What fees will I be charged if Centennial Bank does pay my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $25.00 each time we pay an overdraft.
  • There is a maximum daily fee limit of $100.00 we can charge you for overdrawing your account.

3. What if I want Centennial Bank to authorize and pay overdrafts on my everyday ATM and debit card transactions in conjunction with the new regulatory changes made by the Federal Reserve (opt in)?

If you want Centennial Bank to authorize and pay overdrafts on your everyday ATM and debit card transactions, complete the form below, call us at 1-855-293-4272 or visit one of our banking centers in West Texas, Lubbock, Panhandle/South Plains and the Hill Country.

Opt In/Out Form





You must check the box below to recieve official confirmation of your decision from us.

I/We confirm that the Internet access device(s) can be used to receive the related legal disclosures, agreements and online account signature forms; and I/we consent to receiving the related legal disclosures, agreements, online account signature form and the instructions electronically.(Required)
I WANT Centennial Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions. (Opt In)
I DO NOT want Centennial Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions (Opt Out ATM/Debit Card)


Security Code

Please enter the letters and numbers from the image above.

I/we understand that I have an ongoing right to change this consent at any time.

You can also make your choice

  • By Mail

    If you prefer to let us know of your decision to opt in by mail, please print this form and send it to:

    Centennial Bank

    PO Box 2188

    Lubbock, Texas

    79408

    Attn: Opt In

  • By Phone

    You can call Centennial Bank's In Touch Line at 800-293-BANK (2265) and select option 8. Our user friendly automated telephone system will take you through this simple process.

  • In Person

    It may be easier to opt in or learn about your options in person. Please visit one of Centennial Bank's Banking Centers in West Texas, Lubbock, Panhandle/South Plains and the Hill Country and ask one of our customer service representatives to help.