Century Bank

Personal: Overdraft Services  »  Stay Protected... Opt In for Overdraft Privileges

Important changes in Overdrafts

Recently, the federal government passed legislation requiring any existing or new bank customer with a debit or ATM card to sign a consent form in order for the bank to pay an overdraft caused by an ATM or debit card transaction and charge a fee.

This new rule only applies to overdraft situations on ATM and one time debit-card transactions such as the purchases you make at the grocery, gas pump, gym or coffee shop. This new rule does not apply to checks or recurring debit charges that you may have set up.

For existing accounts:

For you to avoid the embarrassment when you make an occasional purchase or ATM transaction, but don't have enough money in your account to pay for it, you must opt-in by August 15, 2010.

For new accounts:

If you open a new account & order an ATM or debit card on or after July 1, 2010, and DO NOT OPT IN, your ATM and everyday debit card transactions will likely be denied if you are lacking funds and still try to withdraw money or make a purchase.

Why should I Opt In?

Opt In to avoid worry and embarrassment. If you don't opt in, your electronic transaction will likely be denied when you lack funds yet try to withdraw money or make a purchase. Opt in... It is easy! Once you've opted in, you will receive confirmation by mail of your opt in choice.

What if I'm never overdrawn?

That's great! But keep in mind, even if your account normally stays at a positive balance there are always those unexpected instances where an overdraft may occur. We realize that life doesn't always go according to plan. So Opt-In today and avoid the worry.

How do I Opt In?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions,

  • Call (502) 859-5111 or (877) 444-2259.
  • Complete and return the Opt In Form for Overdraft Privileges (PDF) to any of our offices or mail to:
    Century Bank
    201 W Woodford St
    Lawrenceburg, KY 40342
  • Submit a Secure Email through Internet Banking by selecting the SECURE EMAIL tab
    (this option is only available to online banking customers).
  • Stop by and simply let us know at either of our two convenient Lawrenceburg locations at 201 W. Woodford Street and Kroger Super Center.

For more information visit http://www.federalreserve.gov/consumerinfo/wyntk_overdraft.htm.

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201 W. Woodford Street · Lawrenceburg, KY 40342 · Tel: 502.859.5111 · Fax: 502.859.5119 · Email: info@centurybankky.com

201 W. Woodford Street · Lawrenceburg, KY 40342 · Tel: 502.859.5111 · Fax: 502.859.5119 · Email: info@centurybankky.com

Equal Housing Lender, Member FDIC Copyright © 2011. · All Rights Reserved.