"Heartbleed" in the News - You may have read or heard about the recently announced "Heartbleed" vulnerability for the Internet community. CSB’s website, internet banking and mobile applications are secure and have not been affected. However, if you use the same password for multiple internet applications, including your CSB internet banking, we strongly advise you to change your CSB password to a unique password used only for CSB internet banking. It would be best to use a combination of upper and lower case letters and numbers. You may also want to refer to heartbleed.com for more information about the “Heartbleed” internet vulnerability. As companies patch their systems to protect from this vulnerability, they may request that you change your password and/or update your security questions. We highly recommend you follow their instructions, keeping in mind that no legitimate business would ask you to provide your password to them. Your password should be known only by you.
CSB Overdraft Privilege is an overdraft service that is automatically assigned to your account. Rather than the possibility of returning unpaid non-sufficient fund items, we will consider payment of your reasonable overdrafts up to your assigned limit. You should not consider your Overdraft Privilege as a line of credit or as a regular source of funds. It is an account service for which you will be charged our standard $30.00 non-sufficient funds fee per item.
How Do I Get This Special Service?
For new accounts you may be granted Overdraft Privilege after your account has been opened and in good standing for at least 60 days. We require no action on your part and no signature is required.
For customers who wish their Overdraft Privilege to cover their everyday debit card transactions and ATM withdrawals, you will need to opt-in to authorize the bank to cover this type of transaction and to charge your account the fee for doing so.
If you do not give the bank consent for these types of transactions and withdrawals to be paid, your Overdraft Privilege will still cover your checks and recurring debit card transactions, such as your monthly utility payments, insurance payments, etc.
Which Accounts Are Eligible for Overdraft Privilege?
|Student Checking||Everyday Checking||55 Plus Checking||Value Checking||Interest Checking||Prestige Interest Checking|
|Business Checking||Business Value Checking|
|$750.00||$750.00||Available only for small business checking account owners using a social security number for taxpayer identification purposes.|
If you are unsure of the type of checking account you have at CSB, please refer to your checking account statement. It will list the type of account you have with CSB. You may also call us and we will be happy to assist you.
How Much Does Overdraft Privilege Cost?
If your account does become overdrawn, you will be charged our standard non-sufficient funds fee of $30.00 for each item presented against a non-sufficient funds balance in your checking account. This could result in multiple fees. These fees will be charged to your account and will be considered part of your Overdraft Privilege limit.
Will You Notify Me When I Use the Overdraft Privilege Service?
Yes, you will receive an overdraft notice listing the items that have been paid. You will also see the total of your non-sufficient funds fees, which you should deduct from your account.
What Happens If I Go Over My Overdraft Privilege Limit?
Any items presented that cause you to go over your Overdraft Privilege limit may result in the item being returned to the payee. You will also be charged our normal fee of $30.00 for each item presented against a non-sufficient funds balance in your checking account.
How Do I Access My Overdraft Privilege?
Continue to handle your checking account in the same manner you always have. You have access to your Overdraft Privilege Service on you checking account in all the normal ways up to your preassigned limit. You may write a check, make a withdrawal in person, transfer through Xpress Phone and Xpress Net Banking or through other means of electronic payment.
If you have given us permission by opting in, the Bank will also cover your everyday debit card transactions and ATM withdrawals.
If you do not give the Bank consent for these types of transactions and withdrawals to be paid, your transactions will be denied if there are insufficient funds in the account.
If I Use Overdraft Privilege, How Do I Repay?
To repay your Overdraft Privilege, simply make the necessary deposit(s) to your checking account to bring your account to a positive balance. We reserve the right to require you to pay your outstanding overdraft (negative) balance, including our fees, immediately or on demand. If you are not able to do so, you will receive a letter from CSB 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.
How Do I Cancel This Service?
You may choose at any time not to participate in the Overdraft Privilege Service or you may also revoke your authorization to cover overdrafts on your everyday debit card transactions and ATM withdrawals. Simply notify one of our Account Relationship Specialists at any CSB Banking Center and they will assist you. You will find phone numbers for each CSB Banking Center on our Locations page.
Please understand by canceling your Overdraft Privilege Service, we may return any item presented that causes an overdraft to your account. You will also be charged our standard non-sufficient funds fee of $30.00 per item.
The features, costs, and restrictions of our Overdraft Privilege Service are more fully described in the Overdraft Privilege Service Policy. We encourage you to take a few minutes to read this policy, as well as the alternative overdraft protection services outlined in the brochure.