1GCB RoundUp Savings Program Terms and Conditions: Upon your enrollment in Gulf Coast Bank & Trust Company’s (“GCB”) GCB RoundUp Savings Program (“Program”), GCB will automatically round up (“RoundUp”) your point-of-sale card purchases to the next nearest whole dollar amount in excess of your purchase price and transfer that amount from your checking account into your designated savings account. GCB will aggregate the RoundUp from purchases that post to your checking account each business day and make a single transfer at the end of the business day. At the time of the transfer, if your checking account does not have a sufficient available balance to pay the transaction or the transfer, then no transfer will occur for that day. All RoundUp transactions can be viewed inside of your Digital Banking (enrollment required) and/or on your statements.
Eligible Transactions: Only GCB Debit MasterCard® PIN and signature-based POS transactions are eligible. Transactions such as recurring POS transactions, ATM withdrawals, checks, wires, deposits, and transfers are not transactions that are eligible for the program. Eligible transactions include eligible purchases only, any transaction that is coded by the merchant and/or GCB as a return or credit to the account are not eligible transactions.
The savings account must be a GCB consumer savings account. LAUTMA, Money Market, Christmas Club, and Health Savings Accounts are not eligible. You generally will have full access to the funds in your savings account at any time. Please refer to the Terms and Conditions of Your Account for withdrawal limitations associated with savings accounts and additional account terms.
