Bounce Protection®”
Customer Overdraft Policy

An insufficient balance could result in several ways, such as (1) the payment of checks, electronic funds transfers, or other withdrawal requests; (2) payments authorized by you; (3) the return, unpaid, of items deposited by you; (4) the imposition of 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 (defined as making regular deposits and bringing your account to a positive balance at least once every 30 days) and there are no legal orders outstanding, we may approve your reasonable overdrafts as a non-contractual courtesy. Normally, we will not approve an overdraft for you in excess of the pre-determined amount assigned to your account type, plus our insufficient funds handling fee charge(s). We may refuse to pay an overdraft for you at anytime, even though we may have previously 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 insufficient funds handling fee charge(s) 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 (1) 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 insufficient funds handling fee charge(s).

You should note that your Bounce Protection^® limit WILL NOT be included in your available balance provided by a teller, on our InfoLine (our 24-hour telephone banking service), or Online Banking. Your Bounce Protection^® limit WILL be included on your ATM balance.

LIMITATIONS: Available to individually/jointly owned accounts in good standing for personal or household use. First Cherokee State Bank reserves the right to limit participation to one account per household and to discontinue this product without prior notice.