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Chelsea Groton Bank AUGUST 2016

New Debit Cards Coming Your Way

New Debit CardAlways looking for ways to improve your banking experience, Chelsea Groton Bank is pleased to announce upcoming changes to our debit cards. New card styles, improved "chip card" security and increased card limits for purchases and ATM withdrawals will enhance the value of our consumer and business debit cards.

This September and October, individuals and business customers who currently have Chelsea Groton Debit and ATM cards will automatically be issued new EMV "chip cards", which will replace current cards. The "chip cards" will arrive with a new design, and they will now be "flat printed" rather than having the raised embossed text that was on prior cards. Card numbers will change, however the PIN will remain the same.

Financial institutions worldwide are switching to new "chip cards" and moving away from the magnetic stripe, providing greater security for debit and credit card transactions. The information stored in the microchip is encrypted, reducing a fraudster's ability to access card information.

Arriving prior to the holiday season, Chelsea Groton's new cards will make this year's holiday shopping a little easier, by providing increased purchasing power and security.

If you are a current cardholder, more information will be provided to you regarding this card reissue in the coming weeks. If you have questions about the transition or are interested in becoming a cardholder, please call our Customer Care Center at (860) 448-4200 or stop in to any of our 14 convenient branch locations.


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