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Bounce Protection

A Special Overdraft Privilege for Consumer Checking Accounts

At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account.  That’s why we created “Bounce Protection”, a special overdraft privilege for Bank of Advance personal checking accounts.  Bounce Protection is available upon request, either at account opening or by submitting the Bounce Protection Authorization form to your local branch. 

Bounce Protection is a program that covers checks, recurring debit card transactions, and ACH debits that occur from your account.  In order for the Bank of Advance to authorize and pay overdrafts for ATM withdrawals and one-time debit card transactions, you must opt in by submitting the Debit Card Overdraft Protection Opt In Form.  You can opt out at any time.

Bounce Protection Limits

Simply Checking $300
High Performance Checking $500
Premium Checking $1,000
Relationship Checking $1,000

 

In order to qualify for Bounce Protection you must make at least two deposits totaling the amount of your Bounce Protection limit within the first 30 days of opening your account.

 

 

Checks

Other Debits

ATM Withdrawals

One-Time
Debit Card Transactions

Bounce Protection

Optional coverage for checks, ACH debits and recurring debit card transactions.

X

X

 

 

Debit Card
Overdraft
Protection

Optional coverage.  When added to Bounce Protection, all types of overdrafts are covered.

 

 

X

X

Sweep Plan

Optional coverage that allows you to have funds automatically pulled from your savings account when your checking account goes below a preset amount.  One-time $10.00 set up fee.

X

X

X

X

Note: We pay overdrafts based on our standard overdraft policy.  We do not guarantee that we will always pay any type of overdraft transaction.