FACTS | WHAT DOES Central Bancshares, Inc. DO WITH YOUR PERSONAL INFORMATION? | |
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Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. | |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:
When you are no longer our customer, we continue to share your information as described in this notice. | |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Central Bancshares, Inc. chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Central Bancshares, Inc. share? | Can you limit this sharing? |
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For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes – to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | Yes | No |
For our affiliates’ everyday business purposes – information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes – information about your creditworthiness | No | We don’t share |
For our affiliates to market to you | Yes | Yes |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing |
Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. | |
Questions? | Call 859-253-6222 or 800-637-6884 |
Who we are | ||
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Who is providing this notice? | Central Bank & Trust Co.; Central Insurance Services; and Central Investment Center, Inc. |
What we do | ||
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How does Central Bancshares, Inc. protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. Central Bancshares, Inc. employees are bound by our Code of Ethics and other policies to access consumer information only for legitimate business purposes and to keep information about you confidential. | |
How does Central Bancshares, Inc. collect my personal information? | We collect your personal information, for example, when you
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. | |
Why can’t I limit all sharing? | Federal law gives you the right to limit only
State laws and individual companies may give you additional rights to limit sharing. | |
What happens when I limit sharing for an account I hold jointly with someone else? | Your choices will apply to everyone on your account. |
Definitions | |
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Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.
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Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.
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Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
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Customer Identification Program and Negative Information Reporting | |
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To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents and retain a copy for our records. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. |
Disclosure of Account Terms: Special Handling Fees for Personal Accounts
Overdraft Paid Fee* (An overdraft paid fee will not be charged if a personal account is overdrawn $5 or less.)
Return Item Fee* (per item) – $32.00
Per item fee for covering overdraft created by check, in-person withdrawal, ATM withdrawal or other electronic means – $32.00
Stop Payment (per item) – $32.00
ATM Transaction & Balance Inquiry
Central Bank ATM locations – Free
Non-Central Bank customer use of Central Bank ATM locations – $3.50
Check Orders
125 standard checks – $19.99
Other styles – Varies
Dormant Bleed Blue Checking Account Fee (per month, after 6 months) – $5.00
Other Special Service Fees
Account closed by mail – $6.00
Account Reconciliation – Per Hour ($5.00 minimum) - $10.00
Assisted transfer between accounts – $5.00
Copy of check, deposit ticket or item sent to you – $3.00
Deposit return item fee on all deposit accounts – $10.00
Early closure of checking account within six months of opening – $25.00
Excessive savings withdrawals (per additional withdrawal after 6 per statement cycle) – $5.00
Guaranteed Checking:
Transfers from credit card to your deposit account – $5.00
Transfers from another deposit account to your deposit account – $3.00
Mini-Statement (per statement) – $4.00
Official Check (Cashier’s Check)
Customer – $6.00
Non-Customer – $10.00
Research Fee – Per Hour ($7.50 minimum) – $15.00
Copies per item – $1.00
Replacement of lost debit card – $5.00
Returned Statement Fee (per month) – $5.00
Wire Transfer
Incoming Wires – $10.00
Domestic Outgoing Wires
Recurring – $25.00
Nonrecurring – $25.00
International Outgoing Wire – $50.00
International Drafts – $50.00
Garnishments and Levies – $50.00
Item Sent for Collection (per item) (Service not provided to non-customers) – $20.00
Fraud Investigative Fee – Per Hour – $250.00
*There is a limit of $160 in total overdraft paid and return item fees per day that we will charge per personal account.
Note: Fees are subject to change. Consult a Personal Banker for the latest fees and rates.
Revised 6/1/17 – Member FDIC. Central Bank is a wholly-owned subsidiary of Central Bancshares, Inc., Lexington, Kentucky.
Disclosure of Deposit Rules & Regulations Revised: 10/2017
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The following rules and regulations (“Rules and Regulations”) apply to all deposit accounts you have with Central Bank & Trust Co. (CBT). CBT is owned by Central Bancshares, Inc., and is a Kentucky state-chartered bank. Your execution of a signature card and deposit of the initial deposit by you upon the opening of an account, as well as your deposit of funds into, or withdrawal of funds from, any account, or by being named as a beneficiary or joint owner by an existing owner of an account, by using an account with us, or permitting anyone else to get access to your account through any of our electronic banking services, constitutes an agreement by you and by all others with access to or an interest in the account to these Rules and Regulations. We may also provide you with agreements, user guides, and disclosure statements (‘‘Disclosure Statements’’) governing certain services associated with your account, including, but not limited to, ATM or debit card services, telephone or online banking services, mobile banking services, preauthorized funds transfer services, and wire transfer services. In addition, we will provide you with our Privacy Policy, and periodically we will provide you with notices by mail, email (where authorized by you), or notices posted in our branches or on your statement (“Notices”). This Agreement, as well as the Disclosure Statements and the Notices, govern those services. If, however, any provision of this Agreement conflicts with any provision of a Disclosure Statement or Notice, then the conflicting provision of the Disclosure Statement or Notice shall prevail with respect to the corresponding service. To the fullest extent permitted by law, we may provide you Notices and Disclosure Statements by electronic means. You agree that, unless otherwise expressly agreed by us in writing, the deposits in your account are general deposits. You further agree that the relationship between us and you with respect to any account covered by this Agreement, including one titled as a “trust account” or similar designation, is solely that of debtor and creditor, and that we are not acting as your fiduciary.