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What is Bounce Protection?
Bounce Protection is an overdraft service that we provide to our customers. It requires no action on your part, and you don’t have to sign anything. We will automatically assign a Bounce Protection limit for your account based on the type of account you have.
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) we may honor overdrafts up to the Bounce Protection limit on your account. Our normal non-sufficient funds (NSF) fee for each transaction will be deducted from your limit (currently $30.00). The NSF fee is deducted from your account each time an insufficient check or debit item is presented for payment from your account. We will notify you by mail when an overdraft occurs. No interest will be charged on the overdraft balance. This is not a line of credit.
How do I know when I use the overdraft limit?
You will receive an overdraft notice in the mail each time items are paid. The notice will show the check number, amount and the NSF fee. You should subtract total fees from your checkbook. Remember, the fee for paying an item is the same as for returning one.
What if I go beyond my Bounce Protection limit?
Overdrafts above and beyond your established Bounce Protection limit may result in a check or checks being returned to the payee. The normal NSF fee will be charged per check and assessed to your account. We will mail an NSF notice to you to let you know what happened.
What are some of the ways I may have access to Bounce Protection?
Generally, you may access your Bounce Protection through:
- Checks and other debits cashed at teller windows
- VISA Check Card
- ACH debit transactions
- Checks issued to a third party
- All transactions that currently are honored through your account
How quickly must I repay my Bounce Protection?
You should make every attempt to bring you account to a positive balance within 30 days. If you are not able to do so, we will send you a letter 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 will close your account and take other steps to recover funds.
What does my Bounce Protection privilege cost?
There is no additional cost associated with this privilege if you bring your account to a positive balance once every 30 days. Just remember that you will be charged an NSF fee for each check paid under the limit.
How soon can I use my Bounce Protection?
If you are a new active account holder, you will be able to use the overdraft privilege 30 days after the account is opened. You have the right to terminate your Bounce Protection service at any time.
What is my Bounce Protection limit?
To find your Bounce Protection limit, simply locate your account type in the listing below.
| Account |
Bounce Protection Limit |
| Free Checking |
$300 |
| Rewards Checking |
$300 |
| BanClub Checking |
$400 |
| Regular Checking |
$500 |
| Golden BanClub Checking |
$750 |
| NOW Checking |
$750 |
| Money Market |
$1000 |
When I use any of Coulee Bank's ATMs or Internet Banking, is my Bounce Protection limit included?
Yes, the balance reflected on your ATM receipt and your available balance shown ono the Internet Banking will include the overdraft limit assigned to your account.
Additional Questions?
If you have additional questions or would like more information contact us for more details!
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