Bounce Protection

What is Bounce Protection?

Bounce Protection is an overdraft service that we provide our customers. It's just part of our customer first, hassle-free banking at Coulee Bank. You don't have to request or sign anything. We will automatically assign a Bounce Protection limit for your account based on the type of account you have.

How does Bounce Protection work?

Maintain your account in good standing (make regular deposits and bring your account to a positive balance at least once every 30 days) and we will honor overdrafts up to the Bounce Protection limit on your account. Our normal overdraft fee (OD fee) for each transaction will be deducted from your limit (currently $30.00). The OD fee is deducted from your account each time an insufficient check or debit item is presented for payment from your account. We will notify you by mail when an overdraft occurs. No interest will be charged on the overdraft balance. This is not a line of credit.

How do I know when I use the overdraft limit?

You will receive an overdraft notice in the mail each time items are paid. The notice will show the check number, amount and the OD fee. You should subtract total fees from your checkbook. Remember, the fee for paying an item is the same as for returning one.

What if I go beyond my Bounce Protection limit?

Overdrafts above and beyond your established Bounce Protection limit may result in a check or checks being returned to the payee. The normal returned item fee will be charged per check and assessed to your account. We will mail a returned item notice to you to let you know what happened.

What are some of the ways I may have access to Bounce Protection?

Generally, you may access your Bounce Protection through:

• Checks and other debits cashed at teller windows.
• VISA Check Card.
• ACH debit transactions.
• Checks issued to a third party.
• Online transfers.
• All transactions that currently are honored through your account.

How quickly must I repay my Bounce Protection?

You should make every attempt to bring you account to a positive balance within 30 days. If you are not able to do so, we will send you a letter informing you of the situation and your options. If, after a period of time, your account has not been brought to a positive balance, we will close your account and take other steps to recover funds.

What does my Bounce Protection privilege cost?

Absolutely nothing! Just bring your account to a positive balance once every 30 days. Remember that you will be charged an NSF fee for each check paid under the limit.

How soon can I use my Bounce Protection?

If you are a new active account holder, you will be able to use the overdraft privilege 30 days after the account is opened. You have the right to terminate your Bounce Protection service at any time.

What is my Bounce Protection limit?

To find your Bounce Protection limit, simply locate your account type in the listing below.

Will Bounce Protection cover all of my transactions?

Your Bounce Protection limit may be available for each item paid under the limit created by checks and other transactions made using your checking account number, such as a teller withdrawal, an automatic payment (ACH) transaction, an automatic bill payment, or recurring debit card payments. Also, at your request, we may authorize and pay ATM transactions and everyday debit card purchases using your limit. Click here to opt-IN to overdraft on your ATM/Check Card.

What are some other ways I can cover overdrafts at Coulee Bank?

The best way to avoid overdrafts and fees is to manage your account so you don't overdraw it. However, if a mistake occurs, Coulee Bank offers additional ways to cover overdrafts in addition to Bounce Protection.

What if I do not want to have Bounce Protection on my checking account?

Bounce Protection costs you nothing unless you use it. However, if you would like to have this service removed from your account, please call (608) 784-9550.

Additional Questions?

If you have additional questions or would like more information, please contact us.