Overdraft Services for Your ATM & Debit Card
It happens to the best of us. We forget to make the deposit carried
in our wallet. We
didn't write down the trip to the doctor or grocery
store. With busy schedules, electronic check clearing, debit cards and
multiple people on one account, it's easy to forget about things both
big and small. Whatever the reason, Community Shores Bank overdraft
services have been there to protect your checking account and save you
from an embarrassing moment.
New Federal Regulations, coming
July 1, 2010, change the way overdraft services work for you and your
family. We understand mistakes happen and while we do not advocate
overdrawing your account, keeping your account in good standing is
The new regulation requires you to opt in
(agree) to overdraft services by August 15, 2010, to continue the
overdraft payment of ATM and one-time debit card transactions.
One-time debit card transactions are purchases you make through day-to-day spending at grocery stores, gas stations, restaurants, payments
over the phone or thru online merchants. Debit card purchases that bill
your account automatically (like a gym membership) and checks written by
you are not affected by the new regulation and will continue to be
reviewed under our standard overdraft practices.
If you do not agree (opt in) to
our authorization & payment of overdrafts on your ATM and one-time debit card transactions by
August 15, 2010, and your account is not set up with other overdraft
protection options, these everyday transactions will be declined at
point of sale.
Learn more by reading "What You Need to Know
about Overdrafts and Overdraft Fees" and complete the form to give
yourself and your family peace of mind.