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What You Need to Know about Overdrafts and Overdraft fees:
 
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
1.       We have standard overdraft practices that come with your account.
2.       We also offer overdraft protection plans, such as a link to a savings account or a credit line, which may be less expensive than our standard overdraft practice. To learn more, ask us about these plans. 
This notice explains our standard overdraft practices.
 
Ø What are standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:
·         Checks and other transactions made using your checking account number
·         Automatic bill payments
                 We do not authorize and pay overdrafts for the following types of transactions unless you ask us to(see below).
·         ATM transactions
·         Everyday debit card transactions
                 We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
              
                 If we do not authorize and pay an overdraft, your transaction will be declined.
Ø What fees will I be charged if Fleetwood Bank pays my overdraft?
Under our standard overdraft practices:
·         We will charge you a fee of $35 each time we pay an overdraft
·         Also, if your account is overdrawn for 5 or more consecutive days, we will charge an additional $25 dollars per week until the account is brought to a positive balance.
·         There is no limit on the total fees we can charge you for overdrawing your account.
Ø What if I want Fleetwood Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form below and hit submit.  You may also call us at 610-944-7666 or stop in at one our six branch locations.
______________________________________________________________________________________


Effective August 15, 2010:
 I want Fleetwood Bank to authorize and pay overdrafts on my ATM and one-time debit card transactions.
 I do not want Fleetwood Bank to authorize and pay overdrafts on my ATM and one-time debit card transactions.
 
 
Type Name   
 
Date                Account #   
 
 
 
Phone #   
 
Email Address   
 
 
***FLEETWOOD BANK WILL NOT PAY OVERDRAFTS CAUSED AS A RESULT OF USING YOUR ATM/DEBIT CARD WITHOUT THIS WRITTEN CONSENT FORM***