IMPORTANT
NEW INFORMATION REGARDING OVERDRAFT COVERAGE
Effective August 12, 2010
Your Right to Request Overdraft Coverage
If you do not have enough
money in your account for non-recurring debit card transactions or ATM
transactions, we will usually decline the transaction. In these cases, you may be unable to complete
the debit card purchase or ATM withdrawal unless you have another form of
payment. If you want us to authorize and pay these overdrafts, you can request
overdraft coverage (see below). If you
do not respond, you will lose overdraft coverage on non-recurring debit card
transactions and ATM withdrawals.
Having overdraft coverage does not guarantee that we will authorize your
overdrafts in all cases. If we decide to
authorize and pay an overdraft, we will charge you a fee.
What if I don’t want overdraft coverage?
You can opt out of overdraft
coverage for debit card transactions and ATM withdrawals. Your non-recurring debit card transactions
and ATM withdrawals will be declined if you do not have enough money in your
account. However, your choice will not
affect whether we pay overdrafts for other types of transactions, including
checks. If we decide to pay these
overdrafts, we will charge you fees.
Overdraft Fees
We will charge you $27 each
time we pay an overdraft.
We will also charge you $1
for each day your account remains overdrawn
There is no limit on the
number of transactions that might incur a fee.
Another Way to Cover Your Overdrafts
We offer another way to cover
your overdrafts that may be less expensive.
A transfer agreement would link your checking account to another account
that you have with us. Ask us about this
option.
How do I sign up for overdraft coverage on debit card transactions?
Print and complete the form below and
mail to Citizens Bank and Trust Company,
If you have any questions concerning overdrafts please
feel free to contact our Bookkeeping Department at (580) 226-4610.
______________________________________________________________________________________________________
| o I want overdraft coverage for my individual debit card and ATM transactions on account |
|
| o I do not want overdraft coverage for my individual debit card and ATM transactions on account |
|
| Printed Name: ______________________________________________ |
| E-Mail Address: ____________________________________________ |
| Signature: ______________________________Date:_______________ |