Other Services > Important Changes to Your Consumer Checking Account

Recent Change to Checking Account Regulations
A recent change to checking account regulations was approved by the Federal Government (effective August 15, 2010 for existing customers), which will affect the level of service we provide to you. Your action is required or a portion of your checking account features will no longer apply to your account.
 
A revision to Regulation E (Reg. E) requires us to obtain your approval before we consider payment of your ATM withdrawals and debit card purchases that may create an overdraft in your checking account. We may currently provide this service to you as part of our Overdraft Privilege (ODP) service.
 
The majority of our customers prefer having this service to avoid the embarrassment of having their debit card purchases denied in situations such as at a restaurant when trying to pay the bill, at the grocery store checkout counter, or at the pharmacy when
you’re paying for prescriptions.
 
To continue receiving the same level of service, you will need to read this Opt-In Form (PDF). After reviewing, you may opt in by returning the form by mail or in person, or by calling Old Missouri Bank at 417-869-9000. Once you “opt-in” to the Overdraft Privilege service (ODP), we will send you a letter to confirm your choice.
 
We appreciate having you as our customer, and are committed to providing you with clear information, as well as additional Overdraft Protection options, such as a Line of Credit Overdraft Protection (DDL)* or Transfer Overdraft Protection. There are no charges for these services unless you use them.
 
If you have any questions, please contact a customer service representative by calling 417-869-9000.
 
Tips to Avoid Overdrafts
Use these tips to successfully manage your bank account and avoid overdraft fees. Old Missouri Bank also offers BankWise™ Online Banking and WisePay™ Online Bill Pay that you can use to avoid overdrafts. Learn more >
 
Frequently Asked Questions
See more information about Overdraft Services and the important changes to consumer checking accounts.
 
*Subject to credit approval.

1. Effective date: For accounts opened on or after July 1, 2010, these changes are effective immediately upon account opening.
2. About overdrafts and overdraft fees: Our overdraft fee, whether the overdraft is by check, ATM withdrawal, debit card transaction or other electronic means, is $30. There is no limit on the total fees we can charge you for overdrawing your account.
3. The payment of transactions into overdraft is discretionary and the bank reserves the right not to pay. For example, the bank typically does not pay overdrafts if your account is not in good standing or you have had excessive overdrafts.

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