Personal Banking
Bounce Protection
Bounce Protection is an overdraft privilege limit that is automatically assigned to your account. You do not have to sign anything. If you are a new active account holder, and you make deposits in the initial 30 days equal to or greater than the Bounce Protection limit for your account type, and your account is not overdrawn for more than four days in the first 30 days, you may be able to use the overdraft privilege limit assigned to your account 30 days after the account is opened. As long as 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), Security Bank may honor overdrafts up to the Bounce Protection limit on your account. We may refuse to pay an overdraft for you at any time, even though we may have previously paid overdrafts for you. You will be notified by mail of any NSF items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. There is no additional cost associated with this privilege unless you use it. However, you should keep in mind that you will be charged our standard NSF charge of $30 for each item paid under the limit. No interest will be charged on the overdraft balance. Your Bounce Protection limit is reflected in your ‘available balance’ and can be accessed through: checks, MasterMoney Card & ATM debit transactions, ACH, Online Banking and Xpress Phone Banking.
In addition to Bounce Protection, there is also the option of Insufficient Funds Transfer. You authorize us to charge any account you choose (savings, money market, other checking account) to transfer and deposit money into your checking account to cover each overdraft. Transfers are made in multiples of $50 as needed. There is a $5 charge for each transfer.
For more details, please call us at (478)722-6300
or send an email to customerservice@securitybank.net.
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