April 5, 2013
International debit card purchases and atm withdrawals temporarily blocked
Due to an increased level of fraudulent international debit card and ATM transactions, Union State Bank has temporarily blocked all international transactions. Even though you may not have experienced such fraud, the potential for it happening has greatly increased leading us to take this precautionary step for your benefit and ours.
If you plan to travel internationally (outside the domestic United States) please do the following:
1. Notify Union State Bank before traveling. Advance notification will help ensure that legitimate purchases and withdrawals are approved.
2. Our daily debit card purchase limit is $1,500. ATM withdrawal limits are $400 daily. If you need these limits adjusted please give us a call - 701.282.4598.
3. Memorize your PIN. Memorizing your PIN will allow you to safely obtain cash from ATM machines. Never write your PIN number on your card.
*To report a lost or stolen card, call 701.282.4598 or 800.264.5578.
Notice of FDIC Insurance Coverage for Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov.