At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience.
At Thumb National Bank & Trust Company, we do not encourage overdrafts. As always, we encourage you to mange your finances responsibly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned.
That's why we provide "Bounce Protection," a special overdraft privilege service for Thumb National Bank & Trust Company's checking customers
There are some recent changes in the law in regard to Overdrafts and Overdraft Fees by the Federal Reserve Board. Effective August 15, 2010 we cannot pay overdrafts of ATM withdrawals or everyday debit card transactions without your consent. If you do consent and overdraw your account, you will be assessed the normal overdraft fee, currently $31.00 per item. If you should have questions please feel free to call any branch of Thumb National Bank for additional information.