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Choose or Lose Overdraft Protection


TODAY your saving and checking accounts have Newrizons Overdraft Protection BUT your overdraft protection will END soon UNLESS you take action.

Federal Regulators have made changes to how we handle overdraft services.  It requires your immediate attention. An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.

The Federal Reserve Board now requires all financial institutions to ask their members to specifically "opt in" to keep overdraft services for ATM and one-time debit card transactions. After July 19, 2010 we can NOT AUTHORIZE or PAY overdrafts for ATM transactions and One-Time debit card transactions UNLESS you have previously "opted in".



I want to "opt in" so that Newrizons can be authorized to pay overdrafts on my ATM and One-Time Debit Card Transactions. Choosing YES means you don't want Newrizons to change the way your savings and checking accounts are protected in the event of an overdraft from ATM or Debit card transactions.

I understand that Newrizons pays overdrafts at their discretion and does not guarantee all overdraft transactions will always be paid. If funds are available in another one of your accounts, we will first transfer funds to pay items if the other account balance is insufficient. Standard fees may be charged.

Current fees are:

     $30 each time Newrizons pays an overdraft (limit of 5 fees in any one day or $150).

     $4 each time Newrizons transfers from another account to pay an overdraft.



I do NOT want Newrizons to authorize and pay overdrafts on my ATM and One-Time Debit Card Transactions.

I understand that these transactions will be returned UNPAID to the original merchant or institution. The original merchant and/or institution may charge their own fees per their fee schedules.


Please print this page, then (1) mark the YES, Opt-in or NO, Opt-out box but not both, (2) provide the account number, (3) sign, (4) date, and (5) return to Newrizons.


YES, Opt-in      NO, Opt-out            ________________Account Number


Signature                                                                                                        Date


Need more information? Call Newrizons 360-533-4760.