Reg-E Opt In Form

(for Overdraft Protection Program  consumer accounts only)
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to another deposit account and to an eligible line of credit, which may be less expensive than our standard overdraft practices.
To learn more, ask us about these plans. This notice explains our standard overdraft practices.

WHAT ARE THE STANDARD OVERDRAFT PRACTICES THAT COME WITH MY ACCOUNT?

The Bank does authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
We do not authorize and pay* overdrafts for the following types of transaction unless you ask us to (see below).
  • ATM transactions
  • Everyday debit card transactions

*Overdrafts are paid at the discretion of the Bank. The Bank of Princeton does not guarantee overdraft authoriziaton and payment of any type of transaction. If the Bank does not authorize and pay an overdraft, the transaction will be declined.


WHAT FEES WILL BE CHARGED IF THE BANK OF PRINCETON PAYS AN OVERDRAFT?

Under our standard overdraft practices:

  • We will charge you a fee up to $35.00 each time the Bank pays an overdraft.
  • Items $5.00 and under will not incur an overdraft fee.
  • There is a daily limit of $175.00 on the total fees we can charge you on an overdrawn account.

WILL THE BANK OF PRINCETON AUTHORIZE AND PAY OVERDRAFTS ON ATM AND EVERYDAY DEBIT CARD TRANSACTIONS?

If you prefer, the Bank will also authorize and pay overdrafts on ATM and everyday debit card transactions.


Electronic Opt In

By completing the form below and clicking on Opt In, you are consenting electronically to authorize The Bank of Princeton to include your ATM and everyday Debit Card transactions as part of the  Overdraft Protection Program associated with your checking account.  This consent authorizes the Bank to pay overdrafts on your ATM and everyday Debit Card transactions. With this consent, if the Bank pays the item(s) you will incur a $35 Overdraft fee.  You can Opt-Out of paying overdrafts on your ATM and everyday Debit Card transaction or Opt-Out of the Overdraft Protection Program at any time by contacting the Bank at 609-921-1700 or any of our branch locations.

* Indicates Required Field
You have successfully Opted In for Overdraft Protection on your ATM and everyday Debit Card transactions from The Bank of Princeton.  This change to your account will be effective no later than 1 week from today. 

This consent authorizes the Bank to pay overdrafts on your ATM and everyday Debit Card transactions. With this consent, if the Bank pays the item(s) you will incur a $35 Overdraft fee.  You can Opt-Out of paying overdrafts on your ATM and everyday Debit Card transaction or Opt-Out of the Overdraft Protection Program at any time by contacting the Bank at 609-921-1700 or any of our branch locations.