Overdraft Protection
 

Here is How

To Continue Your Ossian State Bank ATM/Debit Card

OVERDRAFT COVERAGE

 

Your Ossian State Bank ATM/Debit Card may have a special feature called Discretionary Overdraft Privilege.

Due to changing Government Regulation, beginning on August 15, 2010, all consumer ATM or everyday debit card transactions will be rejected when you do not have enough money in your account to cover a transaction unless you tell us you want to Opt In to cover overdrafts.

THE CHOICE IS YOURS!

If you choose to Opt In, your ATM/Debit card will work as it currently does.

If you Opt In there is no cost to you unless we pay an ATM or everyday debit card overdraft transaction. You can have peace of mind that you Opted In for the protection in case you ever need it.

What fees will I be charged if Ossian State Bank pays my overdraft?

  • We will charge you a fee of up to $30 each time we pay an overdraft.

  • Also, if your account is overdrawn for 5 or more consecutive business days, we may charge an additional fee.

  • There is currently no limit on the total fees we can charge you for overdrawing your account.

If you want us to continue to pay overdrafts for ATM and everyday debit card transactions, you must Opt In. If you Opt In, you may have a safety net that saves you from the embarrassment of a declined ATM or debit card transaction.

Use One of the Following Methods to Opt In:

  • Call 1-260-622-4141 to speak with one of our customer service representatives and let them know that you choose to Opt In.    

  • Mail the completed Opt In Form to the bank. 

  • Fax the completed Opt In Form to 260-622-6142.

  • E-mail your choice along with the last four digits of your account number to eservices@ossianstatebank.com.

  • Visit either of our branches and let us know your choice.

Please note: Your choice applies only to ATM and everyday debit card transactions.

For current customers:

  • Please Opt In before August 11, 2010 to avoid an unwanted disruption in your service.

  • You may reverse your decision for ATM and everyday debit card transactions at any time using the same methods.

  • We also offer additional overdraft protection services that you may be eligible for.

 

 

Click Here for information from the Federal Reserve about Overdrafts..                     

Click Here to view our Frequently Asked Questions about Overdraft Protection.

Click Here to view and print the Opt In Form.
            

 


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