Bounce Protection

At times, unanticipated expenses or unforseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds (NFS) can be costly and inconvenient. 

At Vision Bank, we do not encourage overdrafts. To avoid fees, we encourage you to manage your finances responsibly by keeping track of your account balance and reconciling it regularly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned. That's why we provide Bounce Protection, a non-contractual special. overdraft service for Vision Bank's customers. 

Bounce Protection is a discretionary overdraft service requiring no action on your part that provides you a safety net up to an automatically assigned overdraft limit. 

Your Bounce Protection 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 Bounce Protection limit. For business accounts the limit may be available for ATM and everyday debit card transactions with no action required. 

Balances displayed do not include the Bounce Protection limit. 

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; or (5) the deposit of item 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 Bounce Protection limit as a non-contractual courtesy. You will be eligible for Bounce Protection unless you have a bad address on file with Vision Bank, as evidenced by return mail.  

For Bounce Protection consideration, your account is in "good standing" if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Bounce Protection as continuing line of credit; and (3) have no legal orders, levies or liens against your account.

Vision Bank reserves the right to limit participation to one account per household or business or to suspend, revoke, or discontinue this service without prior notice. 

Normally, we would not approve an overdraft for you in excess of the predetermined limit assigned to your account. So as not to exceed your limit, please remember that the amount of the overdraft plus our Overdraft fee of $29.50 for each item will be deducted from the Bounce Protection limit. Overdrafts above and beyond your established Bounce Protection limit may result in checks or other items being returned to the payee. You will be charged an NSF fee of $29.50 for each item returned. Returned items may be presented for payment by the payee or their financial institution multiple times, which may result in multiple NSF Fees. An OD/NSF notice will be sent to notify you of items paid and/or returned. 

There is no additional cost associated with Bounce Protection unless you use it. If you do use the Bounce Protection limit, you will be charged $29.50 for each overdrawn item created by checks and other transactions made using your checking account number, such as a teller withdrawal, an automatic payment (ACH) 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 by using your available balance and your Bounce Protection limit. Your balance at the time these transactions post will determine the overdraft status and the assessment of fees. Other transactions initiated by you, or a delay in processing authorized transactions by the merchant, may result in previously authorized transactions posting against an insufficient balance. An Overdraft Fee of $29.50 will be charged for each ATM or everyday debit card transaction that posts against insufficient funds. Once opted in, you may revoke your authorization at any time by contacting us at (888) 332-5132. 

For business accounts, ATM and debit card transactions will be handled as described above with no action required on your part. 

In the normal course of business, we generally pay electronic transactions first and then checks in check number order, per the bank's policy; however, checks are often converted to electronic transactions which may post to your account more quickly, affecting the order in which they post. If there are insufficient funds in your account at the time a transaction posts, you will be charged for each item paid. We reserve the right to change the order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. Also, the order we pay your items may create multiple overdraft items during a single banking day and you will be charged our Overdraft Fee of $29.50 for each overdraft items paid. 

Overdraft/NSF fees are capped to no more than three (3) per business day for personal accounts; so regardless of how many items are insufficient (both paid and returned) you will pay only three (3) Overdraft/NSF fees per day per account. Overdraft/NSF fees are not capped on business accounts. 

Multiple paid items will result in multiple fees. For example, three paid items in one day will result in $88.50 in Overdraft Fees. To help your manage your account, the total fees you have paid for items (both paid and returned) during the current month and for the year-to-date will be reflected on your monthly checking statement. 

Locate your account type and make note of the corresponding limit. If you have multiple accounts for your household or business you may have a limit on each eligible account.