Debit Card Consent Form

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

1. We have standard overdraft practices that come with your account. (See Overdraft Privilege disclosure for details.)
2. We also offer overdraft protection plans, such as a "Cash Reserve", which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

• What are the standard overdraft practices that come with my account?

  We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

  After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • Everyday debit card transactions

  We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

  If we do not authorize and pay an overdraft, your transaction will be declined.

• What fees will I be charged if Town Square Bank pays my overdraft?

  Under our standard overdraft practices:

  • We will charge you a fee of up to $27.00 each time we pay an overdraft.
  • There is no limit on the total fees we can charge you for overdrawing your account.

• What If I want Town Square Bank to authorize and pay overdrafts on my everyday debit card transactions?

  If you want us to authorize and pay overdrafts on everyday debit card transactions complete the form below.

  If you authorize the bank to pay overdrafts for everyday debit card transactions, you may revoke it at any time.