Dear First National Customer,
As a valued customer of First National Bank, we want to make you aware of an important regulatory change that is coming which will impact your future First National Bank ATM and one-time debit card transactions.
The Federal Reserve Board recently passed new regulations requiring all financial institutions to obtain an “opt-in” form from account holders to continue providing overdraft services on ATM and one-time debit card transactions clearing your account.
If we do not receive your signed ‘opt-in” form, your current overdraft services with First National Bank will soon not cover ATM and one-time debit card transactions.
Please note the new regulation only impacts your debit card and ATM withdrawals (not affecting your current overdraft services that are provided on your checks and other transactions made using your checking account number or automatic bill payments.)
The changes will begin to affect your account on August 15, 2010. By providing First National with the “opt-in” form before August 15, 2010 you can ensure that you do not experience any changes in the services you are presently receiving. You have the option to opt-in or opt-out at anytime.
If you do not provide First National Bank with the enclosed “opt-in” form, your ATM and one-time debit card transactions will no longer be authorized if funds are not available. All transactions will be handled within the existing policies of your account. Please review and return the enclosed form for you to ‘opt-in’ to the
Regulation E option or to ‘opt-out;” also, find the self-addressed envelope for your convenience. This form can also be found on our website, www.fnbwaynesboro.com, located on our homepage. Your immediate response is requested on or before June 10, 2010.
Please see the enclosed brochure for more information titled, New Overdraft Rules for Debit and ATM Cards. If you have any questions or concerns, feel free to contact Elva Raines, Customer Service Manager, at
(706) 554-8100.
Thank you for your time and business!
Sincerely,
Jesse C. Palmer, III
CEO/President
First National Bank of Waynesboro
