If you haven't already done so, please make your choice on debit card overdraft services today

Call or stop by your favorite SMB branch if you have any questions about the choice you should make. We're here to help!

We have a short informational video regarding these changes. To view the video CLICK HERE.

To ensure that new regulations don't impact your account, CLICK HERE to opt-in to this service.

New federal regulations require SMB to obtain your approval concerning the handling of your everyday debit card purchases or ATM withdrawals that create an overdraft in your checking account.  We are giving you the choice regarding how this change impacts you.

Today when you use your SMB debit or ATM card, you may be allowed to make debit card purchases or ATM withdrawals that create an overdraft when you do not have enough money in your account to cover the transactions.  This benefit gives you extra coverage for unplanned expenses or emergencies.

To ensure this new regulation doesn’t change your account, you will need to consent, or opt-in, to this service.

There are several ways to do this.

• Mail – Complete the opt-in form you received in the mail and return it to us
• Phone – Call any branch or our Customer Service department 1-800-943-8488
• Online – Submit this form
• In person – Visit any branch and speak to your favorite SMB teller or representative.

Things to know about overdrafts and overdraft fees…
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:

• Standard overdraft practices (Bounce Protection) that may come with your account.
• Overdraft protection plans, such as Account Link, which links to your savings account, and Ready Cash Reserve, which is a loan (subject to credit approval). These may be less expensive than our standard overdraft practices.  To learn more contact your SMB branch.

After August 13, 2010, what will be the standard overdraft practices (Bounce Protection) that are with my account?
We will continue to pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
• Automatic bill payments
• Recurring debit card transactions (example = monthly membership dues)

We can no longer authorize overdrafts for the following types of transactions unless you tell us - “Opt-In”

• ATM Transactions
• Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.  If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if SMB pays my overdrafts?
Under our standard overdraft practices:
We charge you a fee of $20 each time we pay an overdraft.
There is no limit on the total fees we can charge you for overdrawing your account.

What if I want SMB to continue to authorize and pay overdrafts on my ATM and everyday debit card transactions?
You need to opt-in by completing this form or calling or visiting a branch.

If you do not reply or you choose to opt-out, this means that these transactions may be declined when you do not have enough money in your account.

You must make your choice regarding the new overdraft regulations by August 13th.  Whatever your decision, you can change your mind in the future.  If you choose to Opt-in, you may revoke your authorization at any time.

Thank you for choosing Southwest Missouri Bank!

To ensure that new regulations don't impact your account, CLICK HERE to opt-in to this service.

Southwest Missouri Bank is participating in the FDIC's transaction Account Guarantee Program. Under that program, through December 31, 2010, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. The following deposit account types are not included in this program: Personal and Business Money Market and Savings, Business Interest Checking, Health Savings and all Certificates of Deposits. However, the above listed account types are FDIC insured up to $250,000 per depositor through December 31, 2013.