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Bank of Ocean City's annual privacy disclosure is being provided to comply with the provisions of the Gramm-Leach-Bliley Act governing the privacy of consumer financial information. Click here to review the disclosure.
   
Beginning January 1, 2010, Bank of Ocean City will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in non-interest bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.  
   
Effective July 1, 2010, federal regulations require consumer accountholders who participate in Bank of Ocean City’s Overdraft Privilege service to opt-in to having the bank authorize and pay overdrafts on their ATM and everyday debit card transactions. Consumer accountholders must confirm their opt-in option by August 15, 2010 for Overdraft Privilege to continue to apply to their ATM and everyday debit card transactions. To opt-in consumer accountholders should:
  • call 410-641-2228 to speak to a Overdraft Privilege Administrator;
  • click here to access the opt-in form. Complete the form and drop it off at any of our branch locations or mail it to PO Box 150, Ocean City, MD 21843;
  • or send an email to optin@bankofoceancity.com with the accountholders name and phone number. An Overdraft Privilege Administrator will contact the accountholder to confirm the opt-in request.
 
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