Notice to Mastercard® Debit Card Holders

For accounts opened prior to June 1, 2023, the following clarification is being made to your membership and account agreement regarding signature-based debit card transactions.  Section 14.b How Transactions are posted to your account.

Highlights: For debit card transactions involving merchant authorization holds, there may be a delay between the hold being applied and the transaction posting to your account.  During the delay, intervening transactions may impact the available balance in your account.  If your available balance is insufficient to cover the amount of the merchant’s authorization request, we will decline the request. If your available balance is sufficient to cover the merchant’s authorization request, the request will be approved, and an authorization hold in the amount of the request will be placed on your account. The transaction will be subsequently processed by the merchant and submitted to us for payment. If the transaction settles and posts to your account at a time when the available balance is insufficient to pay the transaction without causing an overdraft (i.e., posting the transaction results in an available balance of less than $0), we will not charge you a fee for overdrawing your account since the available balance in your account was sufficient to cover the transaction at the time it was authorized.

This clarification goes into effect September 1, 2023.  If you have any questions regarding this please stop in any one of our branches or contact us at 724-284-2020.