Overdraft & 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 small overdraft credit lines, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans by calling (707) 524-3000 or (800) 995-4066 or by visiting us at any branch.

This notice explains our standard overdraft practices.

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.

Under our standard overdraft practices:

• We will charge you a fee of up to $32 each time we pay an overdraft in excess of ten dollars.
• We limit the total fees we can charge you for overdrawing your account to 5 items a day or $175.
• When your account is overdrawn on 5 consecutive business days, we may charge a one time Overdraft Extension Fee of $15. If an everyday non-recurring debit card transaction or an ATM transaction, for which you did not agree to our overdraft practices, is the transaction that causes your account to become overdrawn, we do not start the 5 business day period.

What if I do not want Exchange Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you do not want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form below electronically or print it and present it at any Exchange Bank branch or mail it back to us at the address listed below or call (707) 524-3000.