Important Information
ATM & DEBIT CARD OVERDRAFT PRIVILEGE
A new regulation requires us to make some changes to services on your account. Effective August 15, 2010*, the everyday purchases you make with your debit card and your ATM transactions will no longer be covered by our Bounce ProtectionSM service. If you do not have enough money in your account or the funds are not yet available, your card will be denied.
If you want to continue to have this valuable safety net in case of an emergency, you must let us know you want to keep this service for your everyday debit card purchases and ATM transactions by signing and returning the Opt-In Form listed below, or you will lose this flexibility.
Signing the form authorizes the Bank to pay these types of transactions using your Bounce Protection limit. Please take the time to consider the ways you use your account and debit card and make the choice that is right for you and your family.
Bounce Protection is a convenient service that provides you and your family with financial flexibility in times when you may not have sufficient funds in your account.
Examples of everyday debit card purchases are: Grocery Stores, Restaurants, Gas Stations, Doctor Office, Pharmacy, Dry Cleaner . . . Anytime you use your debit card for a one-time transaction.
The choice is always yours. We are here to answer your questions . . . TALK TO US!
Bath State Bank Opt-In & Opt-Out Forms:
Opt-In Form: To confirm your request for us to authorize and pay overdrafts on ATM & everyday debit card transactions on your account beginning 8/15/2010
Opt-Out Form: Revoke your authorization (Should you change your mind and decide you no longer want us to continue to authorize and pay overdrafts on your ATM and everyday debit card transactions, you may revoke your authorization at any time by signing an opt-out form)
* The effective date of the change is August 15, 2010, for accounts opened before July 1, 2010. For accounts opened after July 1, 2010, the effective date of change was July 1, 2010. Beginning August 15, 2010, we will not authorize and pay overdrafts on ATM and everyday debit card transactions without account holder consent. A paid item Bounce fee of $20 per item, not to exceed $100 daily, will be charged for covering overdrafts that result in a negative balance at the end of the day. Overdrafts may be created by check, ACH, online banking transactions, phone transactions or other electronic means. Recurring debit card transactions (payments that are set up to bill and pay automatically) such as automatic draft from your health club or insurance company may continue to be covered by Bounce ProtectionSM. Once an overdraft has occurred, you are required to bring your account to a positive balance within 30 calendar days. We reserve the right not to pay if your account is not in good standing. Contact us at 765-732-3022 if you have questions.