Locations Where can we help you? Locations Technology Old bank, new tech. History Dedicated to you since Rewards Benefits you'll use. Services What else can we do for you? Frequently Asked Questions At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account.
How does it work? We are not obligated to pay an item presented for payment if your account does not maintain a sufficient available balance. However, we may approve your overdraft items within your current available Bounce Protection limit as a non-contractual courtesy. Central National Bank reserves the right to limit participation to one account per household and to suspend, revoke or discontinue this service without prior notice.
In order to continue to receive the benefits afforded under Bounce Protection you must generally handle your account in a sound manner. Examples of sound account management can include 1 avoiding excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; 2 bringing your available balance positive on a regular basis and not allowing overdrawn balances to persist; and 3 have no legal orders, levies or liens against your account.
No interest will be charged on the overdraft balance. How do I know when I use the overdraft limit? You will receive an overdraft notice each time items are paid, including fees. You will need to subtract the total fees when balancing your checkbook. When fees are assessed this could impact other outstanding items. What is my limit? I have two checking accounts. Can I get bounce protection on both?
If you have multiple accounts for your household, you may have a limit on each eligible account. 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 , The Bank of Elk River may honor overdrafts up to the Bounce Protection SM limit on your account.
This means you will not be charged the merchant return check fee you typically would have to pay. There is no additional cost associated with this privilege unless you use it. Locate your account type below, and make note of the corresponding limit. If you have multiple accounts for your household, you may have a limit on all eligible accounts. You will receive an overdraft notice in the mail or email each time items are paid.
Overdrafts above and beyond your established Bounce Protection SM limit may result in a payment or payments being returned to the payee. The normal overdraft fee will be charged per item and assessed to your account.
You should make every attempt to bring your account to a positive balance within 30 days. If you are not able to do so, you will receive a letter from The Bank of Elk River informing you of the situation and your options. If, after a period of time, your account has not been brought to a positive balance, we may suspend your overdraft privilege limit and take other steps to recover funds.
The chart below is designed to make you aware of the different ways you can access your Bounce Protection SM limit and whether or not the limit will be reflected in the balance provided. Please contact us at By keeping accurate records and knowing your balance, you can avoid mistakenly accessing your limit and incurring fees.
The best way to do this is to use your digital banking tools or other methods to keep track of your deposits, written checks, withdrawals including service charges, ATM and check card transactions. Always reconcile your records with your monthly bank statement. In the event you would like to have this service removed from your account, you may do so by calling Everyday debit card transactions and ATM withdrawals may be declined at the point of sale if the transaction will result in insufficient funds.
Digital Banking Upgrade. Digital Banking Solutions. Free Digital Banking. Free Online Bill Pay. Customized Digital Banking. Mobile Banking Solutions. Mobile Banking App. The balance you will hear when you call the AnyTime Access hour telephone banking service, or see when you check your balance in Online Banking or in our app will not include the bounce protection limit.
Remember, we're here to help if you have questions about Bounce Protection. Give us a call or Contact Us online. You will be linking to another website not owned or operated by The Bank of Missouri. The Bank of Missouri is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction.
The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by The Bank of Missouri of any information in any hyperlinked site.
We encourage you to review their privacy and security policies which may differ from The Bank of Missouri. Because there is a risk information transmitted via Internet email could fall into the wrong hands, The Bank of Missouri suggests confidential information, such as account numbers or social security numbers, not be transmitted via email. If this information must be stated, please contact The Bank of Missouri by phone or at your nearest branch.
Close the search bar. Bounce Protection First, a little about how overdraft protection works in general Before we look at the specifics of the bounce protection program at The Bank of Missouri, let's talk about how these programs typically work. Now, let's see how this works at The Bank of Missouri Bounce Protection is automatically turned on for your account s. How do I know when an item was paid using bounce protection? How can I enroll and decline this service?
Let's look at those fees again. When I check my balance, is the bounce protection limit included? Help Center. If you "Continue", the link will open in a new window. Email Disclaimer Because there is a risk information transmitted via Internet email could fall into the wrong hands, The Bank of Missouri suggests confidential information, such as account numbers or social security numbers, not be transmitted via email.
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