New Overdraft Rules for Debit and ATM Cards 

Currently, your checking account at Bank 1440 comes with our standard overdraft protection. That means that if your account is linked to a savings, money market, or a line of credit, we may authorize and pay ATM and everyday debit card transactions even though you do not have enough money in your account to cover the transaction.  We offer this service to our customers as a convenience and to provide a safety net and we charge a $30 per item fee for the service.

Beginning on August 15, 2010, this service will be available to you for ATM or everyday debit card transactions only if you agree or "opt-in" to this service.

At Bank 1440, we want you to be fully informed and prepared to make a decision about overdraft protection that is right for you.  If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions log in to e-banking and under the "SECURE FORMS" tab select the "Opt-In/Opt-Out" form. Complete the form with your decision as to whether you are opting in or opting out and click on the submit button.  You can also complete the bottom portion of our Opt-In/Opt-Out form and mail it to us or bring it in to one of our two locations by August 13, 2010.