Important Information About Overdraft Review and Debit Card and ATM Use
Your Attention Is Required
Hamilton Federal Bank is committed to providing you with banking services that meet your needs and help you achieve your financial goals. That’s why we want to let you know about some important information concerning Hamilton Federal Bank’ Overdraft Review process that applies to your checking and money market account(s).
Hamilton Federal Bank has a standard Overdraft Review process that applies to all personal accounts. This process allows us to consider authorizing and paying items when sufficient funds are not available in your account. While there is a $25 fee for each overdraft item we pay, this process helps you avoid additional returned check fees from merchants or dealing with a “bounced” check.
The option to have Hamilton Federal Bank’s Overdraft Review process extended to ATM withdrawals and everyday debit card transactions is available – but only if you specifically tell us to include this feature for your account. New federal regulations affecting all financial institutions make it possible for us to consider authorizing and paying ATM withdrawals and everyday or one-time debit card transactions (such as gas, grocery, or food/beverage purchases) that overdraw your account if you instruct us to do so. To participate, you must complete and return the Hamilton Federal Bank ATM/Everyday Debit Card Overdraft Consent Form.
If you do not want Hamilton Federal Bank’s Overdraft Review process for everyday debit card transactions and ATM withdrawals extended to your account, you don’t need to do anything. We will continue to use our standard Overdraft Review process for all personal accounts and consider authorizing and paying items (such as checks) when sufficient funds are not available in your account. However, Overdraft Review for everyday debit card transactions and ATM withdrawals will not be extended to your account unless we receive an authorization form from you.
For more information on our standard Overdraft Review process and the review process for everyday debit card transactions and ATM withdrawals:
Hamilton Federal Bank ATM/Everyday Debit Card Decision Notice
If you want Hamilton Federal Bank’s Overdraft Review process for everyday debit card transactions and ATM withdrawals extended to your account, you must complete and return the following ATM/Everyday Debit Card Decision Notice.
Instructions
- Print the ATM/Everyday Debit Card Decision Notice.
- Complete the form and return it to Hamilton Federal Bank by
- Dropping it off at your branch
- Mailing it to
Hamilton Federal Bank, 5600 Harford Road, Baltimore, MD 21214.
