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Overdraft Privilege

What is No Bounce Banking? 

No Bounce Banking is Carolina Bank's  discretionary overdraft service that provides you a safety net up to an automatically assigned overdraft limit. Your No Bounce Banking limit may be available for checks and other transactions made using your checking account number, such as a teller withdrawal, an automatic (ACH) payment transaction, automatic bill payment or recurring debit card payment. If you request us to do so (opt-in), we may authorize ATM transfers or withdrawals and everyday debit card purchases using your available balance and your No Bounce Banking limit. For business accounts the limit may be available for ATM and everyday debit card transactions with no action required.

How does No Bounce Banking work?

There are several ways your account can become overdrawn, such as
(1) The payment of checks, electronic funds transfers or other withdrawal requests.
(2) Payments authorized by you (i.e. debit card at point of sale).
(3) The return of unpaid items deposited by you.
(4) Bank service charges.
(5) The deposit of items which, according to the bank’s Funds Availability Policy, are treated as not yet available.
As long as you maintain your account in “good standing,” we may approve your overdraft items within your unused No Bounce Banking limit as a non-contractual courtesy. For No Bounce Banking consideration, your account is in “good standing” if you:
(1) Maintain a satisfactory account balance.
(2) Avoid excessive overdrafts, suggesting the use of No Bounce Banking as a continuing line of credit.
(3) Have no legal orders, levies or liens against your account.
(4) Have an account type that is eligible for No Bounce Banking.
Carolina Bank & Trust reserves the right to limit participation to one account per household or business or to suspend, revoke, or discontinue this service without prior notice.