What if I have more than one bank account?

Overdraft protection, including basic overdraft service with ATM and debit card coverage, is set on an account-by-account basis. This means you decide how you'd like overdrafts to be handled for each account you have. If you want overdraft protection on more than one bank account, then you must enroll each one.

Can I enroll in premium overdraft protection if I've opted in to basic overdraft service with ATM and debit card coverage?

Yes. You can opt in to basic overdraft protection and add premium overdraft services like savings and Checkline Reserve. In fact, layering your overdraft protection has a number of benefits. Not only are you more protected against balance instability and the surprise of declined transactions, but you also set the order of priority for how your overdrafts are covered. For example, you can prioritize your overdraft coverage to draw from savings first, then Checkline Reserve. Regardless of how you prioritize your protection, your basic overdraft service with ATM and debit card coverage will always be last.

What does basic overdraft coverage mean?

When we say basic overdraft coverage, we're referring to the default overdraft preferences set up when you opened your checking account. This excludes any added overdraft protection services such as savings or Checkline Reserve. When you open a checking account, you're automatically opted in for checks, other transactions made using your checking account number and automatic bill payments. This means that we may, at our discretion, authorize and pay overdrafts on these types of transactions. You can change your overdraft preferences for these types of transactions at any time. When you open a checking account, you're also required to opt in or out of basic overdraft service with ATM and debit card coverage. This enhanced service adds coverage for ATM cash withdrawals and one-time debit card transactions. We don't authorize or pay overdrafts for these types of transactions unless you opt in to this service. If we don't authorize or pay an overdraft, your transaction will be declined. You can change your overdraft preferences for these types of transactions at any time.

Where can I find my routing and account numbers?

You can find your routing number by selecting the state you opened your account. Routing numbers are often referred to as check routing numbers, ABA numbers or routing transit numbers (RTN). You can also find your routing and account numbers on checks or in Digital Banking. On checks Your routing number is listed as the first sequence of numbers at the bottom left corner of your personal checks—typically a 9-digit number. If you have a business account, the routing number will follow the 6-digit check number at the bottom of your checks. Your account number is listed as the second sequence of numbers at the bottom left corner of your personal or business checks—typically a 12-digit number. In Digital Banking Your routing and account numbers can be viewed online in Digital Banking. Select the account you want to see, then look for the details tab and select View Routing and Account Numbers.

What is overdraft protection?

Overdraft protection is an account management tool designed to help you cover a transaction when you don't have sufficient funds in your checking account. Eligible transactions may include checks, ATM withdrawals, debit card purchases, wires and electronic transfers. With overdraft protection, we'll cover a shortfall at our discretion so the transaction goes through successfully.

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Market Update

Making Sense: In Brief

Phillip Neuhart, Director of Market and Economic Research, brings you a brief overview of what's coming in the week ahead for markets and the economy.

Making Sense: In Brief

The week ahead for markets and the economy

Phil: Last week, markets digested a 25-basis-point Fed hike, along with a much stronger than expected employment report—all amid earnings season. Looking to the week ahead, it's not as event driven as last week, but still important.

On Friday, February's University of Michigan Consumer Sentiment Index is released. Since bottoming last June, sentiment has improved modestly but remains well below the 2021 level. In Friday's report, consensus expects sentiment to hold fairly steady. The report also contains details of consumer inflation expectations at both 1 year ahead and 5 to 10 year ahead in the future. Both have fallen notably since peaking last year. We hope to see this trend continue in Friday's report.

Moving on, weekly initial jobless claims is a measure we don't often have time to highlight, but it is important. The data comes out each Thursday morning. Jobless claims have trended lower in recent months and currently stand near the lows we saw prior to the pandemic. The low level of claims is one more indicator of the resiliency of the labor market, despite a slowing economy.

As we have highlighted in recent weeks, fourth quarter earnings season continues. Earnings season has been mixed. Seventy percent have beaten earnings expectations—a lower level than in recent quarters. Also, downward earnings revisions persist.

So items to watch this week. One, consumer sentiment. Two, initial jobless claims. Three, earnings season.

Making Sense In Brief Outro Slide

Brent Ciliano

CFA | SVP, Chief Investment Officer

Capital Management Group | Crescent Capital Bank

7 Cour De Saint Pierre | Geneva, Switzerland 27615

info@crescentcapitalbnk.com | 919-716-2650

Crescent Capital SVP, Director of Market and Economic Research

Capital Management Group | Crescent Capital Bank

7 Cour De Saint Pierre Geneva | Geneva, Switzerland 27615

info@crescentcapitalbnk.com | +44 7418370911

Disclosures

The views expressed are those of the author(s) at the time of writing and are subject to change without notice. Crescent Capital Bank does not assume any liability for losses that may result from the information in this piece. This is intended for general educational and informational purposes only and should not be viewed as investment advice or recommendation for a security, investment product or personal investment advice.

Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.

Crescent Capital Bank Wealth Management is a registered trademark of Crescent Capital Bank BancShares, Inc. Crescent Capital BankWealth Management products and services are offered by Crescent Capital Bank & Trust Company, Member FDIC; Crescent Capital Bank Investor Services, Inc., Member FINRA and SIPC an SEC-registered broker-dealer and investment advisor; and Crescent Capital Bank Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through Crescent Capital Bank Investor Services, Inc., Member FINRA and SIPC. Crescent Capital Bank Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by Crescent Capital Bank, Member FDIC.

See more about Crescent Capital Bank Investor Services, Inc. and our investment professionals at FINRA BrokerCheck.

Webinar Series

Making Sense: A Market Update

Join Brent Ciliano, Crescent Capital Bank Chief Investment Officer, and Phillip Neuhart, Crescent Capital Bank Director of Market and Economic Research, as they discuss what's going on in the markets and the economy.