The best overdraft protection is to carefully monitor your account balances and to stop spending when they get too low. But we know that mistakes happen. So we provide qualifying customers with a simple way to end the fees and inconveniences associated with overdraft. It’s called Bounce Protection.
Bounce Protection is a discretionary overdraft service offered to customers once certain criteria is met.* It provides a safety net up to an automatically assigned overdraft limit. As long as you maintain your account in good standing*, we may approve your overdraft items within your current available Bounce Protection limit as a non-contractual courtesy.
You’re only charged for Bounce Protection when you use it. The paid overdraft item fee is $33 for each overdrawn item created by a traditional paper-based check, a teller withdrawal, an automatic payment (ACH) transaction or a recurring debit card payment. Also, if you have requested us to do so, we may authorize and cover ATM transfers or withdrawals and everyday debit card purchases.
You should make every attempt to bring your account to a positive end-of-day balance as soon as possible, and must do so within 30 calendar days. If you are not able to do so, you will receive a letter from Field & Main informing you that your Bounce Protection limit has been suspended, additional items will be returned and the overdraft fee of $33 will be charged.
To help you manage your account, the total fees you have paid for items (both paid and returned) during the current month and for the year-to-date will be reflected on your monthly statement.
Bounce Protection covers many of the accounts at Field & Main, and is a service available to Field & Main customers after your account opens. If you would like to add Bounce Protection to your account, have this service removed from your account, or if you have questions about how it works, give us a call. We’d be happy to help.
* For overdraft privilege continuation, your account is in “good standing” if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; and (3) there are no legal orders, levies or liens against your account.