Read 20121126103327-FP Reg E Consent -No Form r1.indd text version

What You Need to Know about Overdrafts and Overdraft Fees

New Federal Banking regulations will impact all consumers. These regulations give each consumer a choice on how to manage their accounts.

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it as a courtesy. Susquehanna Bank 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 Overdraft Sweep Transfer which link to a savings, money market, another checking or line of credit account. This may be less expensive than our standard overdraft practices.

THE rEMAINDEr OF THIS NOTICE ExplAINS OUr STANDArD OVErDrAFT prACTICES.

What are the standard overdraft practices that come with my account?

We do NOT generally authorize and pay overdrafts for the following types of transactions unless you ask us to. · ATM transactions · Everyday debit card (Check Card) transactions Your request allows Susquehanna Bank to consider paying the overdraft for which you will incur a fee. This is your choice. If you do not make the request, or if Susquehanna Bank chooses not to authorize the overdraft, your transaction will be declined. 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 Susquehanna Bank pays overdrafts at our discretion, which means that we do not guarantee that we will always authorize and pay any type of transaction.

What fees will I incur if Susquehanna Bank pays my overdraft?

Under standard overdraft practices, you will incur a fee of up to $40 each time an overdraft is paid. If the account is overdrawn $100 or more on the seventh business day you will begin to incur a daily fee of $5.00 per business day. There is no limit on the total fees you can incur for overdrawing your account.

What if I want Susquehanna Bank to consider authorizing and paying overdrafts on my ATM and everyday debit card transactions?

If you want us to consider authorizing and paying overdrafts on ATM and everyday debit card transactions, please contact us in one of the following ways: · Visit our website at www.susquehanna.net/overdrafts · Call us at 800.311.3182 · Visit any Susquehanna Bank office A confirmation of your consent will be mailed to you. IF YOU DO NOT WISH TO GIVE SUSQUEHANNA BANK YOUr CONSENT, NO ACTION IS rEQUIrED.

Doing what countsTM | susquehanna.net | Member FDIC .

M101148 (12/12)

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20121126103327-FP Reg E Consent -No Form r1.indd

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20121126103327-FP Reg E Consent -No Form r1.indd