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MOREHEAD, Ky. — Customers of Whitaker Bank are being notified of upcoming changes to account terms, policies, and fees that will officially take effect on June 1, 2026.
The update, recently sent to account holders, outlines revisions to the bank’s Terms and Conditions and Fee Schedule, which may impact how certain services are used and how fees are applied.
While no immediate action is required, customers who continue using their accounts after June 1 will automatically be considered to have accepted the updated terms.
💰 What’s Changing — And Why It Matters
Although many of the updates involve technical or regulatory language, several changes could directly affect customers’ wallets and everyday banking habits.
Key Fee Highlights
$34 fee for overdrafts or non-sufficient funds (NSF)
$8 fee for overdraft protection transfers
$10 monthly dormant account fee
$1 fee for certain ATM or peer-to-peer (P2P) transactions (non-Whitaker)
Wire transfer fees up to $55
$4 monthly fee for paper statements
🏦 Policy Updates to Be Aware Of
The revised agreement also includes updates to how certain transactions and services are handled, including:
Changes to how overdrafts are assessed and processed
Updated language regarding peer-to-peer payment platforms
Clarification that standard business days are Monday through Friday
New or expanded sections covering:
FDIC insurance
Unclaimed property
Cash transaction reporting
Power of attorney
Electronic fund transfers and consumer protections
📅 What Customers Should Do Now
Whitaker Bank advises customers to review the full updated documents carefully to understand how the changes may apply to their accounts.
Customers with questions can contact the bank directly or visit a local branch for assistance.
⚠️ Bottom Line
While updates like these are common in the banking industry, some of the changes — particularly those involving fees — could have a noticeable impact on customers who aren’t paying close attention.
With the June 1 deadline approaching, now may be a good time for account holders to review their banking habits and take steps to avoid unnecessary charges.
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