- Protection. Protect yourself from embarrassing situations where your purchase or transaction is declined.
- Control. Rather than having a sales clerk deny your purchase, you
can remain in control of how you manage your account.
- Peace of Mind. Even if you never intend to overdraw your account, Overdraft Privilege offers you peace of mind in case of an emergency or error in managing your account.
By choosing to opt in, your debit and ATM card will continue to work as it does today. There is no
fee to continue the Overdraft Privilege service and no fee if you never use it. (If the service is
used to pay an overdraft, standard overdraft fees may apply. See the Q & A section below for more details.)
Opt In Today
To keep Overdraft Privilege for your debit/ATM card, you must opt in by
August 15, 2010. Use any of these easy choices:
If you have questions, stop in the nearest branch or contact our Call Center at
800-297-2837 or in Lincoln at 402-323-1777.
Overdraft Privilege Q & A: Helpful Answers to Your Questions
Are there fees?
There is no fee for having the Overdraft Privilege service and no fee if you never use it. Overdrafts may be
created by check, debit card transaction, ATM withdrawal, or other electronic means. An NSF Paid Item
fee of $30 each time will be imposed for covering overdrafts that result in a negative end of day balance*.
If an account continues in an overdraft status for two consecutive days, a Continuous Overdraft fee of
$4.00 is assessed daily.
*Fee Waived on Overdrafts under $5.
Occasional mistakes can cause your account to incur minor overdrafts, especially when using a debit card for smaller purchases. If you have a minor overdraft of less than $5.00 your account will not be charged
an NSF Paid Item fee or NSF Returned Item fee.
Will you always pay my overdrafts?
This service represents a purely discretionary privilege or courtesy that we may provide to you from time to time and which may be withdrawn or withheld by us at any time. For example, we typically do not pay overdrafts on accounts not in good standing; not receiving regular deposits; or with excessive overdrafts. In addition, overdrafts are to be repaid at least once every 30 days.
What if I opt in to the payment of ATM and everyday debit card transactions now, but change my mind later?
You may revoke the payment of ATM and everyday debit card transactions at any time by stopping by any Union Bank & Trust location; contacting us at 800-297-2837 or in Lincoln 402-323-1777; or by using the online opt out form.
What if I can’t decide or need additional information?
We’re happy to help you understand your options for managing your account. Stop by any Union Bank & Trust branch and visit with a personal banker. You may also contact our Call Center at 800-297-2837
or in Lincoln at (402) 323-1777. An easy-to-complete Online Opt In form is also available.
When do I need to opt in?
To ensure uninterrupted continuation of your current Overdraft Privilege service, we recommend that you complete an Opt In form right away.
Beginning August 15, 2010, we will not authorize and pay overdrafts for everyday debit or ATM transactions unless you have opted in. |
