Deposit Products

Bounce Protection

Customer Overdraft Policy

An insufficient balance can result from several events, such as (1) the payment of checks, electronic funds transfers or other withdrawal requests; (2) payments authorized by you; (3) the return of unpaid items deposited by you; (4) bank service charges; or (5) the deposit of items which, according to the bank's Funds Availability Policy, are treated as not yet available or finally paid. We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. However, if you maintain your account in good standing, we may approve your overdrafts within your current available Bounce Protection limit as a non-contractual courtesy. Your account is in good standing if you (1) demonstrate responsible account management-such as making regular deposits to bring your account to a positive balance at least once every 30 days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit, and (3) there are no legal orders, levies or liens against your account. In addition, based upon our review of your account management, if we determine you may be using Bounce Protection as a regular line of credit by creating excessive overdrafts, we may suspend the privilege without any prior notice. Transactions may not be processed in the order they have occurred. The order by which the transactions are processed by the bank can affect the total amount of overdraft fees you may incur. Also, please be aware that the order of item payment may create multiple overdrafts during a single banking day for which you will be charged our NSF Paid Fee of $35 for each overdraft paid. You may opt out of the privilege at any time, but you are responsible for any overdrawn balances at the time of opting out. Normally, we will not approve an overdraft for you in excess of the predetermined amount assigned to your account type. So as not to exceed your limit, please note that the amount of the overdraft plus the bank's NSF Paid Fee of $35 (per item) will be deducted from the overdraft limit. We may refuse to pay an overdraft for you at any time even though we may have paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdraft plus our NSF Paid Fee of $35 that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one owner on the signature card, each owner and agent, if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdraft plus our NSF Paid Fee of $35.

Bounce Protection should not be viewed as an encouragement to overdraw your account. As always, we encourage you to manage your finances responsibly. In the event you would like to have this service removed from your account, you can do so by signing a Bounce Protection waiver form, available at all branch locations.

Please note that your Bounce Protection limit will be available at the teller window or through a POS transaction, but will not be available at the ATM or through Online Banking. The limit will not be included in the balance provided during an inquiry.

LIMITATIONS: Bounce Protection is a non-contractual courtesy which is available to individually/jointly owned accounts and sole proprietor accounts in good standing. The First National Bank of Elmer reserves the right to limit participation to one account per household and to discontinue this service without prior notice. Contact information must be kept current in order to maintain the Bounce Protection privilege.