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Bounce
ProtectionSM
Having a check returned due to insufficient funds can be a costly and humiliating experience. That’s why we provide “Bounce Protection,” a special overdraft service for Century Bank’s checking account customers. Bounce Protection gives you an extra level of protection against unanticipated cash flow emergencies and account reconciliation errors.
At Century Bank, we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. The purpose of this service is to save you from the embarrassment, additional merchant fees or other problems that might result if a check is returned.
What Is Bounce Protection?
Bounce Protection is an overdraft service that is automatically assigned to your account. There is no action required on your part. You do not have to sign anything.
How Does Bounce Protection Work?
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), Century Bank may honor overdrafts up to the Bounce Protection limit on your account.
What Does My Bounce Protection Cost?
There is no cost associated with this service unless you use it. However, if you do use this service, keep in mind that you will be charged our insufficient funds fee for each item paid or returned.
If I Have Two Checking Accounts, Can I Get Bounce Protection On Both?
Yes, you may have Bounce Protection on more than one account, as a safety net up to a designated limit governed by the type of checking account you have.
How Quickly Must I Repay My Bounce Protection?
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 Century Bank 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 Bounce Protection service limit and take other steps to recover funds.
How Soon Can I Use My Bounce Protection?
If you are a new active account holder, you may be able to use the Bounce Protection service assigned to your account 30 days after the account is opened.
What Are Some Of The Ways I May Have Access To My Bounce Protection Limit? Will My Limit Be Reflected In The Balance I Receive?
The chart is designed to make you aware of the different ways you can access your Bounce Protection limit.
Bounce Protection Custom Overdraft Policy
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