Additional Services

Bounce Protection

We understand that life is busy. That’s why Jefferson Security Bank offers overdraft protection with select JSB checking accounts.

What is Bounce Protection?

JSB offers standard overdraft protection services, referred to as Bounce Protection. This service allows us to authorize and pay items that would result in a checking account being overdrawn.

The Bounce Protection limit is currently set at $500. Many of our consumer checking accounts qualify for this overdraft protection service. At the time of account opening, you will be asked to either accept or waive Bounce Protection if you open a qualifying account. You may change your election to accept or waive this service at any time by notifying us. This discretionary service provides built-in protection against accidental overdrafts which may be created by a check, in-person withdrawal, ATM withdrawal or transaction performed by other electronic means.

This protection will not be available for ATM and everyday debit card transactions unless you authorize the Bank to do so by providing an affirmative opt-in consent.

Jefferson Security Bank does not encourage you to present transactions for payment against insufficient or uncollected funds in your account. We encourage you to manage your finances responsibly.

What does Bounce Protection cost?

There is no additional cost associated with this service unless you use it. You will be charged our standard Overdraft Fee – Bounce of $32 for each overdrawn item. You will not be charged an overdraft fee if the ending account overdraft balance is $20 or less.

Will I Be Charged if I Overdraw My Account?

If you have waived Bounce Protection Services, exceeded the Bounce Protection limit or you do not have Bounce Protection services available to you, other fees may apply.

In these circumstances, we may choose to pay or return the item. You will be charged an Overdraft Fee of $32 for each item paid and an NSF Returned Item Fee of $32 for each item returned.

We limit the amount of Overdraft Fees – Bounce, Overdraft Fees and NSF Returned Item Fees that can be incurred to $128 (4 items) per day. A Daily Overdraft Fee may also apply as discussed below.

If your account remains overdrawn for 5 business days, we will charge a $2 Daily Overdraft Fee per business day starting on the 6^th business day following the overdraft.

How Do I Get Bounce Protection?

Bounce Protection is a discretionary service available with Rewards Checking, Simple Checking,  Senior Checking, Interest Checking and Money Market accounts. Youth Checking and Second Chance Checking accounts are not eligible for Bounce Protection.

This is not an automatic checking account benefit. You will be asked to accept or waive JSB’s Bounce Protection services at the time you open your account. You may change this election at any time by notifying us. If you would like this protection to extend to your ATM and everyday (one-time) debit card transactions, you will need to provide a separate affirmative opt-in consent to participate in that service. Without your affirmative opt-in consent, we will not authorize payment of ATM and everyday (one-time) debit card transactions that would overdraw your account, and the transaction will be declined. There are no fees for declined transactions. You may opt-in or out of ATM and everyday (one-time) debit card transactions at any time by calling 304-876-9000 or by visiting your local JSB office.

How Do I Avoid overdrafts and overdraft fees?

Jefferson Security Bank encourages you to manage your finances responsibly, but we also know that emergencies and unexpected circumstances can happen. The following services and tips may help you avoid overdraft fees altogether.

• Monitor your account activity with JSB’s telephone banking, online banking and mobile banking services. You can conveniently and securely access and manage your money from your computer, tablet or mobile device.
• Set up Account Alerts. Stay informed by setting up a low balance alert in Online Banking.
• Keep track of your transactions. Record all deposits and withdrawals including ATM withdrawals, debit card transactions, automatic payments and checks utilizing a free check register.
• Keep a cushion in your account. Maintain a level of extra funds in your account to help prevent unintended overdrafts and avoid fees.
• Use Direct Deposit for Your Paycheck. This ensures that you will have access to your paycheck in a timely manner.
• Review your statements. Reconcile bank statements with your records.
• Set up Sweep Protection. Link your checking account to another JSB deposit account or line of credit and set up Sweep Protection to allow the transfer of funds from another account to cover the overdraft.

Please note: Jefferson Security Bank’s Bounce Protection overdraft services do not constitute an actual or implied obligation of or by the Bank. The service represents a purely discretionary courtesy or privilege that the Bank may provide to you from time to time and which may be withdrawn or withheld by the Bank at any time without prior notice, reason or cause.

Jefferson Security Bank does not encourage you to present transactions for payment against insufficient or uncollected funds in your account.

Enjoy Bounce Protection and Other Checking Account Benefits with an Account at JSB

To find out if you qualify for Bounce Protection, visit one of our convenient branch locations in Inwood, Martinsburg, Charles Town, Shepherdstown or Sharpsburg. You can also send us an email at contactus@jsb.bank or call us at 304-876-9000 to learn more about JSB checking accounts and compare checking account benefits.