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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Sept. 21, 1977)
page 8 daily nebraskan Wednesday, September 21, 1977 ; VW need repairing? Call Olstoris We repair VW Vehicles and sell parts and accessories for Volkswagen vehicles. Olston's Independent Specialists, Inc. 2435 No. 33rd 476-2397 TOR5I6HT S13LY DOUBLE DOUGH FREE With Any Pizza Upon Request There's Nothing Like it. jy j Few UNL students bounce checks, according to Lincoln bank officials By Tarn Lee College students in Lincoln put Office of Management and Budget director Bert Lance to shame when it comes to writing overdrafts, according to officials of four Lincoln banks. . . Officers of Gateway Bank and Trust, First National Lincoln, Citibank and National Bank of Commerce agreed that they had had no particular problems with students overdrafting their checking accounts. "Our experience at the Campus Bank has been just short of fantastic," said Gateway Bank and Trust Pre sident Karl Dickinson. Students don't overdraw their accounts any more than anyone else, he said. .... Gateway's policy is to charge $4.50 for each overdraft, whether it is paid or returned to the depositor, Dickinson said. v Eight people look at the list of overdrafts to determine whether to pay the check or to return it. One of the eight should be familiar with the account, he said. ; Calls customer If it is a large overdraft, the bank usually will call the customer to find out what the problem is. The customer probably will be asked to close the account if he or she is in a habit of writing overdrafts, he said. First National Lincoln" Vice President Don Dischner agreed that college students do not write more overdrafts than any other segment of society. : V. "There is a sector in all age levels and all income levels who overdraw their accounts. This is also true of college students,"he said. ; First National also charges $4.50 for each check that is paid or returned, Dischner said. The bank usually will pay the check if the customer doesn't have a history of Mv 1 v-V i1, sjf v. V-f v i? s Let the real you shine through with the natural look of contacts. They're easy to get used to, easy to wear, easy to care for. Get all the facts about contact lenses at our nearest office. Do it today! THE 3 I EYEWEAR PROFESSIONALS LINCOLN: 1324 '0' St. -432-9652 840 N. 48th St. - 466-1924 3923S.48th St. -488-3106 ', i: V ' f ln (v P'-ciiirse a Pm II I 1 - " -I CP nn 11 mnnl VL'JU V 25" tasid j::bt cf kxu;y kf sutizi tUlu r'- VMiill fMIlft lif-fiel KrJr fcstteni, .cuffc snj kit trim 100 0H;n ficli sfcufiq-ftfe tn4 l4 El Trck J..! dam B!i!3 VAbkc 2pjrvf OfM'hifo I 1 . : I I t I r DOWNTOWN 1346 'P' Si. 412-7070 GATEWAY GALURY MALL 464-709$ ATAfK III writing bad checks or if it is overdrawn only $1 or $2, he said. .. , If a person continuously overdraws his or her account there probably will be a mutual agreement to close it, because it is expensive for the customer and more work for the bank, he said. Overdraft charge - The overdraft charge is used to offset payment of post age, printing, paper and clerical costs involved in the extra handling of the check ; he said. The bank makes no money from overdraft charges, he added. Overdrafts don't affect a person's credit rating unles unless the bank takes a loss, Dischner said. If the check fs paid, the customer ' won't, be reported to the Credit Bureau, he said. "College students are some of the most responsible people who bank with us. It has nothing to do with age or sex ro anything else," according to Citibank Executive Vice President Jim Masonbrink. Citibank charges $6.50 for each overdraft, Masonbrink said. The bank's loan officers decide whether to pay a check or return it, he said. Most checks are returned because paying it would give the customer an unsecured loan, he said. 1 Handling charge Masonbrink estimated each overdraft costs the bank $11 to $12 in extra handling. The charge is an attempt to recover part of the cost, he said. Citibank probably will close an account that constantly is overdrawn because the bank loses money on handling overdrafts, he said. . ., National Bank of Commerce' Senior Vice President Loren Anderson said college students generally are good customers and the bank has had no problem with them. The decision whether or not to pay an overdraft rests with the manager of bookkeeping and the cashier, he said. If the bank hasn't had a bad experience with the customer it probably will pay the check, he said. . If the check is returned to a depositor there is a $5 charge. If the bank pays the check there is a $4 charge. An overdraft charge of $2 is assessed if the bank payed, the check and the account still is overdrawn after seven days, Anderson said. Chances are that if an account is continuously over drawn, it will be closed after the customer is counseled, he said. . The bank does not make a profit from the charges, and probably loses money on them, Anderson said. ' union CClIcifltJcM 11:30 ajn.-Union Pro gram Council Human Poten tials Committee, room 222 1 1 :45 a.m.- University Association for Administra tive Development luncheon, room 202 -202A Noon-Student Y-Women Speak; room 232 Noon-Office of Univer sity Information-Emeriti luncheon, room 203 12:30 p.m -College Car eer Christian Fellowship, room 337 1:30 p.m.-Nebraska Union Public Relations Task Force, room 216 2 p.m.-University Hea lth Center food handlers training, auditorium 2 p.m. University Health Center C.P.R. train ing .conference rooms 3:30 p.m. Alpha Lamb da Delta tea, room 242 243 3:30 pjn.-Spanish club, Toom 222 , ? 5:30 p.m. Engineering Toastmasters, Harvest room A 6 pjn, Gamma Lamb da, Harvest RoomC 6:30 pjn.-ASUN Senate meeting, room 202-202A 7 p.m. - University Health Center food handlers training, auditorium 7 p.m. NU Meds, room 222 7 p.m.-International Edu cational Service Venezuelan students, room 232 7 p.m. International club, room 337 7 p.m.-NU Public Inter est Research Group, room 343 . 7 p jn. Interfraternity Council, Ballroom. 7:30 p.m. Math coun selors, Union 225. 7:30 pjn. - UPC Cof feehouse, South Crib. I r I I BUILD YOUR OWN WATERBEDS Complete Kit 1 Mattres $49.95 1 Liner... $13.50 1 Heater. $59.95 4 Metal Corner Brackets ....... $4.95 4 Pedestal Corners ........... $3.95 Conditioner $5,00 $137.30 $ 119.95 this week only! Don't Miss Out! Lincoln Swimming Pooloj Inc. 1921 So 17 Mon.-Sat. 10-5 475-2554 or 475-4024 ft 8 It