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In this disclosure, "We" refers to Katahdin Trust Company.
By clicking the "Accept" button below, you are agreeing to accept electronic disclosures this one time only and we will permit you to continue with the authorization form.
(Regulations require a separate form for each of your checking accounts)
New regulations now require banks to have a customer's permission before allowing overdrafts to be paid on ATM or everyday debit card
transactions. You may decide if you want to authorize Katahdin Trust Company to pay overdrafts on your ATM and everyday debit card transactions.
What You Need to Know about Overdrafts and Overdraft
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:
This notice explains our standard overdraft
practices on and after July 1, 2011.
What are the standard overdraft practices that come
with my account?
We do authorize and pay overdrafts for the following
types of transactions:
We do not authorize and pay overdrafts for the
following types of transactions unless you ask us to (see
We pay overdrafts 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.
What fees will I be charged if Katahdin Trust
Company pays my overdraft?
Under our standard overdraft practices:
What if I want Katahdin Trust Company to authorize
and pay overdrafts on my ATM and everyday debit card
If you also want us to authorize and pay overdrafts on ATM
and everyday debit card transactions, simply click 'Yes' below and
submit this form. You may also call or visit your local branch
What if I want to revoke my decision to have
Katahdin Trust Company authorize and pay overdrafts on my ATM
and everyday debit card transactions?
If you opt-in and decide later that you want to revoke your
decision to have Katahdin Trust Company authorize and pay
overdrafts on ATM and everyday debit card transactions, complete a new
form at katahdintrust.com or you may call or visit your local
I want Katahdin Trust Company to authorize and pay
overdrafts on my ATM and everyday debit card transactions. I
understand that I have an ongoing right to revoke this consent
at any time.
NOTE: Please print this screen for your records. Only click the Submit button once. Because it is encrypted, this transmission may take up to one (1) minute to complete.
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