You
may have seen or heard about changes to Federal Reserve rules that
will have an impact on how you as a First Service Bank customer can
access overdraft coverage on your account. Call, click or come in
today to learn more about these additional options regarding
overdrafts and to Opt In or Opt Out of overdraft service.
You have several options to report your Opt In or Opt
Out decision
Complete
this form
and return to your local First Service Bank location either by
mail, fax or email
Come into any of our locations to talk to any member of our knowledgeable
staff and receive a form
Call any of our locations to have a form
mailed directly to you
First Service
Bank is participating in the FDIC's Transaction Account Guarantee
Program. Under that program, through December 31, 2013, all
noninterest-bearing transaction accounts are fully guaranteed by the
FDIC for the entire amount in the account. Coverage under the
Transaction Account Guarantee Program is in addition to and separate
from the coverage available under the FDIC's general deposit
insurance rules."
On December 31,
2009, the Federal Reserve announced the last in its continuing
efforts to consolidate the check processing regions. February
27, 2010 marked the date of the completion of these efforts,
which left only the Federal Reserve Bank of Cleveland. This
change eliminated the concept of a check being “nonlocal”, and
has affected First Service Bank’s funds availability policy. If
you have questions regarding how this could potentially affect
your deposits, please contact your local customer service
representative for details.
