As a courtesy, Citizens National Bank offers overdraft privilege to customers who qualify, covering the difference if an account is overdrawn up to certain limits. This avoids returned check fees and the potential embarrassment of having a transaction denied at the point of sale.
The Federal Reserve has recently revised the regulation that allows us to provide overdraft privilege and now requires you to opt-in if you would like to continue having this service for ATM transactions and everyday debit card transactions, such as purchasing items at a store.
Beginning August 15, 2010 (or new accounts opened as of July 1, 2010), if you do not have sufficient funds in your account and do not opt in, these types of transactions may be denied.
Click on the links below for more details and to opt in.
