Occasional Overdraft Privilege Service

We will not authorize and pay overdrafts for ATM transactions and everyday debit card transactions unless you ask us to (see below).

 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. Examples include$:

1. We have standard overdrafts practices that come with your account.
2. We also offer overdraft protection plans, such as a Line of Credit Overdraft Protection or a link to a savings account, which may be less expensive than our standard practices. To learn more, ask us about these plans.

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 up to $33 each time we pay an overdraft.
• We limit the number of fees charged to an account to no more than three per business day.

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please click the Opt-In check box and confirm your choice by submitting your application.

Alternative ways to Opt-In:

• Call 800-644-8261 or 413-586-1300
• Mail your opt-in to Florence Bank, P.O. Box 60700, Florence, MA 01062-9979
• Visit www.florencebank.com/opt-in
• Visit any of our locations and ask a customer service representative to assist you through this process.