Change is Coming...
Capital Bank of Texas wants you to be prepared Currently, Capital Bank of Texas, at its discretion, may authorize and pay ATM and everday debit card transactions even though, you do not have enough funds in your account to cover the transaction. This discretionary service is offered as a convenience and safety net to our customers. For this service we charge a fee for each transaction which creates an overdraft.
Beginning August 15, 2010, this overdraft service currently made available to you for ATM or every day debit card transactions, will only be available if you agree or "opt-in" to this service.
If you wish to ensure this service continues to be available to you, please call your branch office or speak to any customer service representative on your next visit.
At Capital Bank of Texas, we want you to be fully informed and prepared to make a decision about overdraft protection that is right for you. This information is available at your local bank.
Transaction Account Guarantee Program
Capital Bank of Texas is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
FDIC Deposit Insurance Coverage
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard insurance amount of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category. |
Equal Housing Lender