New Overdraft Rules
On November 12, 2009, the Federal Reserve Board announced final rules that prohibit financial institutions from charging consumers fees for paying overdrafts on automated teller machine (ATM) and one-time debit card transactions, unless a consumer consents, or opts in, to the overdraft service for those types of transactions. These final rules are effective July 1, 2010 for new customers and August 13, 2010 for existing customers.
We would also like to remind you of several services/features of our system that make access to your accounts convenient and give you an opportunity to avoid fees.
- eStatements – electronic statements reach you several days before paper statements and relieve anxiety about identity theft
- eAlerts – you can receive notifications by email or text when your balance reaches a threshold amount you choose.
- eCom, eCorp – internet banking for consumers and businesses enable you to do your banking from anywhere you have online access
- VistaMobile – access your bank accounts from your mobile phone or device at your convenience
- VistaLine – our telephone banking system allows you information regarding your account 24 hours each day
- Overdraft checking – cover those overdrawn balances with an automatic transfer from your pre-established line of credit*
- Overdraft transfer – your checking account can be linked to another account, such as a savings account or another checking account with VistaBank. Funds are automatically transferred from the linked account to cover potential overdrafts.
At VistaBank, we pride ourselves on providing the latest in technology while maintaining the personal touch of a true community bank. If you have any interest in the any of the services above, please call one of our offices for additional details.