Changes Affecting Your Overdraft Protection

What are the changes?
In efforts to continue providing enhanced protection for consumers, changes were made to banking regulations affecting overdraft services.  Specifically, these changes prohibit financial institutions from offering this service for automated teller machine (ATM) and one-time debit card transactions, unless the consumer specifically consents or opts-in, to the overdraft service for those particular types of transactions. These rules became effective July 1, 2010 for new customers and August 15, 2010 for existing customers.

For more information click on any of the questions below.

• What if I already have Overdraft Protection?
• What do you mean by one-time debit card transactions?
• What is Atlantic Cast Bank doing in Response to these Changes?
• Is it too late to change my mind? Can I Opt-in/Out-now?
• What are Atlantic Coast Bank’s Overdraft Services?