If I do not opt-in, will Pinnacle Bank still pay my overdrafts for checks and recurring transactions, and assess ordinary overdraft fees?
The regulatory change does not impact checks and other paper transactions on your checking account or automatic payments (ACH). Pinnacle Bank will continue to offer the same overdraft service to our customers that we have today on these transactions. Pinnacle Bank will continue to pay overdrafts for checks and recurring transactions with ordinary overdraft fees, unless you have earlier opted out of Overdraft Privilege or your participation in Overdraft Privilege has been revoked.
Related Questions
- What must happen before Pinnacle Bank can authorize and pay my ATM and everyday debit card overdrafts for new accounts opened on or after July 1, 2010, and existing accounts after August 15, 2010?
- What if I want Heritage South Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?
- Did this change affect overdrafts caused by checks, automatic recurring debit card transactions or electronic payments?
