Available March 1, 2024! The Welcome Home Program offers grants to fund reasonable down payments and closing costs for low- and moderate-income home buyers. Welcome Home grants are worth up to $25,000 for honorably discharged veterans, active-duty military, and the surviving spouse of military personnel home buyers and up to $20,000 for all other home buyers. To see if you qualify, contact one of our loan officers today! The funds go fast, so don’t delay!
We've got your back with our Hometown Business Coverage. This service protects our business checking account customers from facing embarrassment or unexpected expenses. It keeps you from turning red with you run out of green!
A: Hometown Business Coverage may save you merchant and retailer fees, as well as embarrassment if you simply make a mistake in your checkbook or have unexpected emergencies, up to a maximum of $1,000. Instead of denying debit card transactions or returning checks, automatic withdrawals, and online payments as unpaid, the bank may automatically pay them for you with the use of Hometown Business Coverage. While you are still being charged a fee of $34 per item from us, you are avoiding the hassle of paying a fee from a store, losing your check writing privileges at that business, or possible collection action.
A: No. Hometown Business Coverage will be automatically added to your account when your account meets the criteria stated in our Hometown Business Coverage policy. You may opt-out of this coverage anytime by contacting a customer service representative.
A: Overdrafts may be approved on your account for checks presented for payment, in-person withdrawals, ATM withdrawals or other electronic means.
A: There is no cost to have Hometown Business Coverage on your account. However, your account will be charged an Allowable Overdraft Fee (AOD) of $34 for each overdraft item presented for payment. If you exceed your limit, items may be returned when presented to the bank for payment, and you may be charged a Returned NSF fee of $34 per item. The imposition of fees will reduce the amount of coverage available.
A: We expect overdrafts to be repaid promptly and, in all cases, within 30 days. After 30 days, if your account is still overdrawn, you will receive a notice advising that your Hometown Business Coverage privileges have been suspended or revoked until your account has returned to good standing. The amount of any overdrafts plus our non-sufficient funds and/or overdraft charges that you owe us shall be due and payable upon demand.
A: Yes. We also offer an Automatic Transfer System or ATS. By choosing this alternative, we automatically debit the funds from another one of your accounts with The Cecilian Bank, such as a checking account, savings account, or a line of credit, when your account becomes overdrawn. Stop by any banking center to sign up for this type of Overdraft Protection.
A: Your checking account will be charged a $2 fee each time we transfer money to cover your overdraft amount. The minimum transfer amount is $50, and the transfers will be set up in multiples of $50. If the presented item(s) exceed available funds in both the checking and funding accounts, the item(s) presented may be returned, and you may be charged a Returned NSF Fee of $34 for each item returned.