|
When you make an ATM withdrawal or everyday debit card purchase, our standard overdraft practice is to decline your transaction if you overdraw your account. First Harrison Bank calls this Overdraft Coverage.
Under a rule that went into effect July 1, 2010, you can give us your affirmative consent (opt-in) to cover your ATM and everyday debit card transactions. We will not cover these transactions unless you ask us to by opting-in to Overdraft Coverage. We want you to have all the information you need to make the best decision for the way you bank.
Overdraft Solutions
|
Overdraft Coverage
|
Overdraft Protection
|
|---|
|
With Overdraft Coverage, your ATM and everyday debit card transactions will be covered at our discretion if you overdraw your account. To choose Overdraft Coverage for your ATM and everyday debit card transactions, you must opt-in. You can make an opt-in choice for each First Harrison Bank checking or money market account you have.
See the Fee Schedule for applicable overdraft fees and other details.
|
You can link any of the following First Harrison Bank accounts to your checking account. Available funds will be transferred from the linked account to cover overdrafts.
Transfer fees may apply.
|
|
You can choose both Overdraft Solutions. If you have Overdraft Protection and opt-in to Overdraft Coverage, the funds available from your linked Overdraft Protection account would be used first and Overdraft Coverage would provide an additional layer of coverage.
|
|
If you want Overdraft Coverage, please complete the Opt-In Form as instructed. If you choose not to have Overdraft Coverage, you do not need to take any action. Your ATM and everyday debit card purchases will be declined if there are not enough available funds in the account or if you have no First Harrison Overdraft Protection.
|
Always know your balance with access to First Harrison Bank's Banking Butler®.
Make the Choice That's Right for You!
There's no right or wrong choice. Just do what makes sense for you. You can opt-in or opt-out at your discretion. So if you change your mind, you aren't locked in to any choice. And remember that we're always here if you have questions or concerns.
To Opt-In for Overdraft Coverage or to Learn More about First Harrison Bank Overdraft Protection:
Questions and Answers
Why did overdraft practices change?
Under changes made to Regulation E, banks are prohibited from charging overdraft fees for ATM and everyday (one-time) debit card transactions that overdraft the consumer's account, unless the consumer - after being given the Overdraft Notification - consents (opts-in) to having the bank pay such overdrafts.
|
What if I already have Overdraft Protection?
Your linked Overdraft Protection account will continue to function the same way as it does today.
|
What will happen if I don't opt-in for Overdraft Coverage?
Your ATM and everyday debit card transactions will be declined in the event of an overdraft, unless you have First Harrison Overdraft Protection. Our standard overdraft practice will continue to be in effect for your checks and automatic bank payments.
|
My spouse and I are both signers on multiple accounts. Do we both have to opt-in if we want Overdraft Coverage?
Only one authorized signer per account has to opt-in for Overdraft Coverage.
|
Questions?
Contact Us
|