We know
that many of our customers appreciate the convenience, flexibility, and
peace of mind provided by having our overdraft programs in place to
discretely bridge a temporary gap. After August 15th,
that will change due to new federal laws…. unless you contact us!
You
will have the opportunity to tell us “YES” you want your debit card
transactions covered by your overdraft privilege, on the
Opt-In form below.
We recently
enhanced our Discretionary Overdraft Privilege service
[click here to
view disclosure],
to include coverage of overdrafts on everyday debit card and ATM
transactions, and call this discretionary overdraft service “Oops”
(Optional Overdraft Privilege service). To continue receiving the
benefit of “Oops”, new federal regulation requires us to obtain your
consent by opting into the terms and conditions for that service.
If you
do not opt-in, your ATM withdrawals and everyday debit card purchases will
be declined when you do not have enough money in your account at the time of
the transaction.
Your checks and other non-debit card transactions will continue to be
covered by your discretionary overdraft privilege.
There
is no fee to opt into “Oops”.
You will incur our standard overdraft fee for each item we pay into
overdraft for you. We also offer automatic transfers for overdraft
protection from another SNBT account, that you may be interested in learning
more about. Please ask us!
How to
participate?
Opt-in
now to
continue overdraft coverage by printing this page, completing your name and accounts numbers, and faxing your signed copy to 940-592-2321,
or bring it by one of our eight locations! Banking Hours: 8:00 am -
4:00 pm Mon.-Thur., 8:00 am – 6:00 Fri., and 8:00 am – 12:00 noon on Saturdays
You may also
provide your overdraft consent selection by simply giving us a call at
940-592-4131,or sending us a secure email via our Internet Bank.
*******************************************************************************
What You Need
to Know about Overdrafts and Overdraft Fees
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:
1.We have standard overdraft practices that comes with
your account (please review attached SNBT Discretionary Overdraft Privilege
disclosure).
2.We also offer an overdraft protection plan by automatic
transfers from another SNBT account, which may be less expensive than our
standard overdraft practices. To learn more, ask us about these plans.
This
notice explains our standard overdraft practices.
Ø
What
are the standard overdraft practices that come with my account?
We do
authorize and pay overdrafts for the following types of transactions:
• Checks
and other transactions made using your checking account number
• Automatic
bill payments
After
August 15, 2010, we
will no longer be able to authorize and pay overdrafts for the following
types of transactions unless you ask us to (see below):
• ATM
transactions
• Everyday
debit card transactions
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.
Ø
What
fees will I be charged if State National Bank of Texas pays my overdraft?
Under our
standard overdraft practices:
•
We will
charge you a fee of $35.00* each time we pay an overdraft.
•
There is
no limit on the total fees we can charge you for overdrawing your
account.
Ø
What
if I want State National Bank of Texas to authorize and pay overdrafts on my
ATM and everyday debit card transactions?
If you
also want us to authorize and pay overdrafts on ATM and everyday debit card
transactions:
•
call
locally (940) 592-4131 or your local SNBT office, or
• visit any
of our convenient SNBT locations, or
• visit
www.snbt.net and click on the “Say Yes to Opt In” link, or
• sign into
your Internet Bank account at
www.snbt.net and send us a secure email, or
• complete the form below and return it to us by mail to State National Bank of Texas, Attn: Operations, P.O. Box 878, Iowa Park, TX 76367, or fax it to (940) 592-2321.
*Fees are subject to change with 30 days notice. You are agreeing to the terms of our discretionary overdraft service, and not the fees that may be associated with the service.
*******************************************************************************
After
August 15, 2010:
___
I want
State National Bank of Texas to authorize overdrafts on my ATM and
everyday debit card transactions.
___
I do not want State National Bank of Texas to authorize
overdrafts on my ATM and everyday debit card transactions.
Printed
Name: ______________________________________ Date:
____________________
Account
Number(s): ________________________________________________
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