DALLAS – April 7, 2022 – TBK Bank, SSB (the “Bank,”) a subsidiary of Triumph Bancorp, Inc. (Nasdaq: TBK) and full-service provider of consumer and commercial banking products and services throughout Colorado, Kansas, New Mexico, Iowa, Illinois and Texas, today announced changes to its overdraft program for all consumer accounts which eliminate continuous overdraft charges and limit the per item non-sufficient fund and overdraft fees.
“These changes will allow TBK Bank to continue offering valuable overdraft services while easing the strain that overdraft and non-sufficient funds fees may place on the financially vulnerable,” said Brandy Young, SVP, operations for TBK Bank.
New changes for consumer customers with overdraft services include:
- Eliminating continuous overdraft charges, which prevents additional charges on overdrawn accounts.
- Reducing overdraft and non-sufficient funds fees to one fee per day, which stops an escalation into multiple fees when more than one item causes an overdraft or is returned.
- Changing the overdraft and non-sufficient funds fees on all accounts to $31 to charge consistently, across all account types, for the same service.
“Overdraft services should be considered one of many financial solutions customers can use to manage their accounts,” said Young. “At TBK Bank, we’re committed to offering overdraft services to our customers when they need it, while eliminating the burden that multiple fees in one day can cause.”
About TBK Bank, SSB
TBK Bank, SSB, Member FDIC, is a subsidiary of Triumph Bancorp, Inc. (Nasdaq: TBK), offering consumer and commercial banking products from 62 branches throughout Colorado, Kansas, New Mexico, Iowa, Illinois and Texas. https://www.tbkbank.com
Media Contact
Amanda Tavackoli
SVP, Director of Corporate Communication
atavackoli@tbkbank.com | 214.365.6930