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    OVERDRAFT SERVICES
OVERDRAFT SERVICES
Gulf Coast Bank is pleased to offer our customers a choice when it comes to overdraft services for your checking accounts. It is always best to prevent overdrafts from happening but mistakes do happen. You may choose to participate in any of our programs that work best for you or choose none at all. Itís your choice! Before making a choice it is a good idea to review the information below.
Option 1: Automatic Transfers from a Gulf Coast Savings or Money Market account*
Available for Consumer and Business Customers
This option links your Gulf Coast checking account to a savings or money market and will transfer funds automatically when your checking account does not have enough funds to cover your transactions. If you write a check, authorize a payment or withdraw cash when there isn't enough money in your checking account, we will transfer available funds automatically to your checking account to cover the amount. Be sure to keep enough funds in your linked savings or money market account for transfers.

BENEFITS
  • No enrollment or annual fee
  • Peace of Mind
  • Saves Money - Can help avoid NSF fees and return check fees from merchants
FEES
  • $10.00 per automatic transfer no matter the amount
Option 2: Discretionary Overdraft Privilege Program
Available for Consumer and Business Customers
Gulf Coast Bank offers Overdraft Privilege to our customers for checks, bill payments, ACH payments and reoccurring debit card transactions. Transactions may not be processed in the order in which they occurred and the order in which transactions are processed may impact the total amount of fees incurred. As of July 1, 2011, this is an Opt In program. If you are not currently participating in the program, you must give us your consent if you wish to participate.

If you do need to use this program at any time, you should bring your account positive within 24 hours. Gulf Coast Bank can request payment of the negative balance and any fees at any time. If after 60 days your account balance has not been brought to a positive status, then we may refer your account to a collection agency and your account will be charged off. We will have the discretion to pay the overdraft, subject to the limit of your overdraft privilege and the amount of the overdraft fee. Payment of the overdrafts is at the discretion of the bank, and the bank can cease paying overdrafts at any time. to Review Policy and to Opt In.

Remember, you may discontinue your participation at anytime in our Discretionary Overdraft Privilege program by contacting Customer Service at 504-561-6124, by visiting one of our local branches, or online by .

BENEFITS
  • No enrollment or annual fee
  • Saves Money Ė Can help avoid return check fees from merchants
FEES
  • $32.00 per paid NSF/Overdraft items
  • $32.00 per returned NSF/Overdraft items
These fees will be imposed for overdrafts created by checks, ACH, reoccuring debit card transactions, in person withdrawals, or by other electronic means.

to Review Policy and to Opt In.
Option 3: Opt In for One Time Debit Card Transactions
Available for Consumer Customers ONLY
As of August 15, 2010, changes to the regulations for Overdraft Services have changed. In order for Gulf Coast Bank to pay a one time, everyday debit card transaction, you must give us your consent or Opt In to the service. Please for information on Opting In and the online Opt In form.
As with our Overdraft Privilege Program, you can change your mind at any time. To revoke your previous Opt In, or contact one of our .

BENEFITS
  • No enrollment or annual fee
FEES
  • $32.00 per paid NSF/Overdraft items
  • $32.00 per returned NSF/Overdraft items
These fees will be imposed for overdrafts created by one-time, everyday debit card transactions and ATM withdrawals.
How to Avoid Overdrafts Ė Partnership between you and your bank, Gulf Coast
Even though the unfortunate happens from time to time and overdrafts do occur, Gulf Coast Bank is providing you with services and information to help protect yourself from reoccurring overdrafts.
  • Review your statement and correspondences from Gulf Coast Bank as soon as you receive them. Reviewing these documents will help you keep track of your balance and help prevent costly errors in the future. Receive Online Statements and you will be able to review your monthly transactions sooner.
  • Minimize ATM fees by using a Gulf Coast ATM or a Community Cash ATM. ATM fees for using another financial institutions ATM can quickly add up and reduce your available balance. Too often these fees are not considered by customers and can lead to an overdraft.
  • Set up . We will send you a text or e-mail when your balance reaches a certain limit.
  • Use . Transfer funds between your Gulf Coast Bank accounts and check your balances from the convenience of your phone.
  • Enroll in . Check your balances 24/7 to monitor your accounts.
  • Use Direct Deposit of your payroll or government checks. Your funds will be available to you immediately and you donít have to wait until you can make a trip to the bank.
  • Review .
For more on how to efficiently manage checking and savings accounts, visit the FDIC Web page .
*Savings and money market accounts are limited to 6 withdrawals each monthly statement cycle per Regulation D. Automatic tranfers are included in the 6 withdrawals allowed. Each transaction that exceeds the 6 allowable transactions in a statement cycle will be charged a fee. If you exceed the transaction limits 3 times during a 12 month rolling period, the overdraft service will be cancelled. See your Truth in Savings for more details.
 
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