-
Federal regulations now require banks like Belgrade
State Bank to have a customer’s permission before
allowing overdrafts to be paid on your ATM or debit card
transactions. You need to decide if you want to
authorize Belgrade State Bank to pay overdrafts on your
ATM and debit card transactions. Before you decide,
you need to know how your decision will affect your
checking account.
What Happens if
I authorize payment of overdrafts on my ATM & Debit Card
Transactions?
-
If you
authorize us to pay these transactions, business will
continue as usual. If you initiate a debit card or ATM
transaction that could cause your account balance
to become negative, we have your permission to pay that
transaction and a fee will be charged.
Your
authorization provides important protections
-
If you are running short of cash, or make a mistake in
your checking account, your authorization gives us
permission to cover that transaction so you can avoid
the embarrassment of having your transaction declined
at a grocery store or your neighborhood restaurant.
Your authorization does not guarantee that Belgrade
State Bank will cover every transaction that may make
your account negative. However, we will continue to
honor these transactions whenever possible.
What happens if
I do not authorize payments of overdrafts on my ATM & Debit
Card transactions?
-
If you do not authorize
us to pay overdrafts on your ATM and debit card,
Belgrade State Bank
will NOT be able to pay an ATM or debit card transaction
that causes your account to reach a negative balance.
If there are insufficient funds in your account, the
transaction will be declined. To complete the
transaction, you will need another form of payment such
as a check, cash, or credit card or you may cancel the
transaction. Whether or not you authorize Belgrade
State Bank to pay ATM and debit card overdraft
transactions, everything else about your account will
remain the same
How do I
authorize Belgrade State Bank to continue paying these
transactions?
You have two options
-
You can call
or stop by the Belgrade State Bank branch that is most
convenient to you to give us your information
-
Click below
to download the form. Print it out and bring it in or
mail the completed and signed form to us at:
Belgrade State Bank
Attn: Bookkeeping Dept.
414 N. State St.
Desloge, MO 63601
Click here to
download the Opt-in form
|
