Managing Your Checking Account

Similar documents
BOUNCE PROTECTION INFORMATIONAL PACKET. What is Bounce Protection? What does my Bounce Protection cost? How does Bounce Protection work?

FSB Overdraft Protection

TABLE OF CONTENTS. Introduction 3. General Guidelines for Successful Account Management 3. Managing Your Checking Account. 1.

Overdraft privilege for your checking account.

Bounce Protection First National Bank

SUB-PART OF CONSUMER MEMBER ACCOUNT AGREEMENT EFFECTIVE OCTOBER 20, 2017

What You Need to Know about Overdrafts and Overdraft Fees

Healthcare Financial FCU Courtesy Pay Disclosure & Q and A. Effective Date: 02/15/2017

Overdraft Privilege. E-ADV-2EL (Rev 08/13) Page 1 of 6

What You Need to Know about Overdrafts and Overdraft Fees

Overdraft and Courtesy Pay FAQ

We want you to avoid overdraft fees. Having a clearer understanding of overdrafts is a good place to start.

Response Needed by 4/30/10 Complete Enclosed Form

HIGH YIELD CHECKING. EXPLANATION OF SOME OF OUR KEY SERVICES AND CHARGES Here are details about High Yield Checking services.

Overdraft Privilege Disclosure

Logix Federal Credit Union October 1, 2017

Overdraft Products. Examples of Associated Fees* Account Sweep $2.00 transfer fee $2.00

Checking Account Overdraft Agreement

Know Your CHECKING ACCOUNT BROUGHT TO YOU BY

Addendum to Rules For Consumer Deposit Accounts

Pay no monthly service charge. PLUS, get additional time to make a deposit and avoid overdraft fees.

Courtesy Pay. An EXTRA Level of PROTECTION for Your Account CUSoCal.org

Overdraft Privilege SM Services

Webster Opportunity Checking. Webster echecking. $16.95 (or $11.95 with Direct Deposit 2 )

Federal Banking Law Reporter Regulations, Regulation, 12 CFR , Requirements for overdraft services.

Overdraft Education Practice & Reference Materials

ABCs OF IBC. Banking is as Easy as IBC A GUIDE TO MANAGE YOUR ACCOUNT. ibc.com

Personal Schedule of Fees for SafeBalance Banking

Checking 101. Property of Penn State Federal Credit Union

Key features of the Overdraft Protection Program: Overdraft Fee: $15 each time we pay an overdraft, maximum of 5 overdraft fees, or $75 per month If

BETHPAGE FEDERAL CREDIT UNION INTERNET BILL PAYMENT CONSUMER AND BUSINESS MEMBER AGREEMENT

managing your checking account.

SOUTHCOASTBANKANDTRUST.COM 1500 NEWCASTLE STREET BRUNSWICK GA, MIDWAY SQUARE ST. SIMONS ISLAND GA, 31522

Webster Opportunity. Webster Value. Checking. Checking. $16.95 (or $11.95 with Direct Deposit 2 )

Managing Your Regions Personal Checking Account

CHECKING 101 EDUCATION. Practice & Reference Material

2011 CFA Survey of Big Bank Overdraft Loan Fees and Terms

Deposit Account Disclosure and Bank Fee Schedule. Account opening and usage

CONSUMER ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURES

Webster Opportunity. Webster Value. Checking. Checking. $16.95 (or $11.95 with Direct Deposit 2 )

Frequently Asked Questions

Business Banking Services

CHANGE IN TERMS. THE HARRIS HANDBOOK FOR PERSONAL AND BUSINESS DEPOSIT ACCOUNTS ( Handbook ) DATED SEPTEMBER 6, 2008 IS REVISED AS DESCRIBED BELOW.

24-HOUR GRACE. Learn all the details about how it works

IMPORTANT INFORMATION AND DATES Checking Accounts. What This Means to You. FDIC Insurance

Kasasa Cash With Kasasa Saver

SAVINGS ACCOUNT TYPES

Banking Basics 101. How to Manage Your Finances and Still Have Money Left Over For a Night Out. Course objectives learn about:

Inactive Account Fees Any account inactive for one year, with a balance under $50.00, will be assessed a $2.00 charge per month.

Overdraft Protection Disclosure

Welcome to Money Essentials SM!

Checking Account Simulation. Making Deposits, Writing Checks, Using the Register, and Reconciling an Account

Checking 101 Checking Out Checking Accounts

CHECKING ACCOUNT TYPES

Your Deposit Account Agreement &

CONSUMER ACCOUNT DISCLOSURE OVERDRAFT PRIVILEGE

FREE KASASA CASH CHECKING

Overdraft Protection and Courtesy Pay Disclosure

Personal Checking Accounts Truth in Savings Disclosure

As used here, the word "we" means the financial institution and the word "you" means the account holder.

ATTENTION: SECTION 8 CLIENTS WHO RECEIVE UTILITY ASSISTANCE PAYMENT Posted: November 2017

Overdraft Services Disclosure

Check It Out. FDIC Money Smart for Young Adults. Building: Knowledge, Security, Confidence

TRUTH-IN-SAVINGS DISCLOSURE

FINN BY CHASE SM DEPOSIT ACCOUNT AGREEMENT

TRUTH-IN-SAVINGS DISCLOSURE Last Dividend Declaration Date: 04/01/2018

U.S. BANK FOCUS CARD. Frequently Asked Questions. The Focus Card. What is the Focus Card? How does the Focus Card work?

Name: Period: Date. Financial Fitness. TEACHER: For the next few days we are going to be focusing on Family, Career and

Truth in Savings Click here for savings account rates

Electronic Payment Card Program Frequently Asked Questions

Huntington 25 Interest Checking Account

Switch Kit. Be sure to leave sufficient funds in your former account to cover any outstanding checks and automatic payments.

Share Draft/Checking Account Basics

ATM/DEBIT CARD DISCLOSURE CHECKING ACCOUNT DISCLOSURE...3 ELECTRONIC FUNDS TRANSFER ACT DISCLOSURE

Deposit Account Agreement Privacy Notice How to Contact Us

DEPOSIT PRODUCTS AND SERVICES

FUNDS AVAILABILITY DISCLOSURE

CBandT.com The Switch Kit

The Peoples Bank Business Switch Kit

Your account charges explained

Get Ready to Take Charge of Your Finances

THE ROLE BANKS PLAY IN THE ECONOMY

ABA Staff Analysis: Questions and Answers on the Overdraft Services Final Rule June

Truth in DISCLOSURE. Strong. Stable. Local. Personal.

Huntington 5 Interest Checking Account PERSONAL ACCOUNT CHARGES FORM

Section 4.1 Banking Systems

Welcome. 1. Agenda. 2. Ground Rules. 3. Introductions. Bank On It 2

PERSONAL CHECKING ACCOUNTS

BANK OF ADVANCE SWITCH KIT

PERU FEDERAL SAVINGS BANK ELECTRONIC FUNDS TRANSFERS REG. E YOUR RIGHTS AND RESPONSIBIILITIES

Using Banking Services

Teens Glossary Terms. (see Bank account)

CHECKING ACCOUNTS TRUTH-IN-SAVINGS DISCLOSURE

TRUTH-IN-SAVINGS DISCLOSURE

Important System Upgrade

BENEFITS QUALIFICATION CYCLE REQUIREMENTS

External Transfer to a Friend Enrollment Form

Checking Account & Debit Card Simulation. Understanding Checking Accounts and Debit Card Transactions

Checking Account & Debit Card Simulation. Understanding Checking Accounts and Debit Card Transactions

CHAPTER 5-THE BANKING SYSTEM. Section 1- Checking Accounts

Transcription:

Managing Your Checking Account

Overview At River Valley we strive to provide value to all of our customers and partners. This module was developed to help you: Better Manage Your Checking Account. Avoid Overdraft Fees. Understand the tools we offer that can help you manage your money.

Track Your Transactions Record all of your account transactions into a check register. Be sure to record: Check card and ATM transactions ATM fees Monthly service charge/fees ACH transactions which may be set up to automatically be withdrawn from your account Bill payment transactions Auto-transfers

Monitor Your Account Statement Each month we will provide you with your account statement. Be sure to review your account statements as it reflects all transactions that have posted to your account since your last statement. Don t forget to balance your account statement to your check register. If you need assistance balancing your account, we would be happy to help!

When Transactions Post to Your Account Different types of transactions post to your account in different timeframes: ATM withdrawals typically post within one business day, but most post immediately to your account. Point of Sale (check card) transactions may post within one business day, but most post immediately to your account. Withdrawals at the teller line will be posted to your account the evening it is processed. ACH debits will post the day you have scheduled them to pay. Bill payment- electronic payment are taken out of your account on the payment date you choose. Payments made by paper check will generally post within one to three business days of the time when the merchant/individual cashes check. Checks written on your account will generally post within one to three business days of the time when the merchant/individual cashes the check. Cash deposits and ACH credits will be posted to your account the evening they are processed.

Things to Consider Before authorizing funds to be withdrawn from your account consider the following: Is there enough money in your account to cover the transaction? Did you record the transaction in your check register? Did you record any associate fees in your check register? Did you tell others on the account about the transactions so they don t overdraw the account?

Overdrafts Overdrafts occur when there is not enough money in the account to cover a transaction when it posts. This can be both embarrassing and inconvenient. It can also be expensive as returned items can lead to fees imposed by the merchant or late fees. Consistently overdrawing your account could result in us closing your account. To avoid overdrafts remember: They can be caused by any type of transaction (check, check card purchase, ATM, ACH). If a check or electronic payment is returned YOU are responsible for the amount of the transaction plus any fees associated with the returned item.

Overdraft Protection Services We offer several options for overdraft protection services: Sweep (transfer) this moves money from another account owned by you with us linked to your checking account to cover overdrafts. There may be a fee associated with the transfer. Redi-Credit this is a loan that draws a pre-set amount to cover overdrafts. Bounce Protection this is an optional service that pays the overdraft and assesses a fee up to a pre-set limit. If you have questions, concerns or want to implement any of these services, please contact us.

Opt-In/Opt-Out Your account may provide Bounce Protection automatically for checks, ACH and recurring check card transactions. However, you must request this service by opting-in in order to have Bounce Protection access at the ATM and for everyday check card transactions. Contact us to find out how you can opt-in. We will provide you with a written confirmation of your consent to opt-in. You can change your opt-in request or completely opt-out of Bounce Protection at any time by contacting us.

River Valley Tools to Help You Manage Your Account Free online banking use it to monitor pending transactions, posted transactions, balances and insufficient items and transfer funds from one account to another. E-mail alters for daily balances, low balances, insufficient funds or transactions over a certain dollar amount. Phone banking use it to monitor pending transactions, posted transactions, balances and insufficient items. Sweep Transfer Services Redi-Credit Bounce Protection Opt-In/Opt-Out ATM get your account balance at any ATM E-Statements offers a fast and secure way to monthly account statements.

Who To Call at River Valley Bank Customer Assistance Center Toll free 888.842.0221

2024 © financedocbox.com Privacy Policy | Terms of Service | Feedback