Opt-in for ATM/Everyday Debit Card Transactions

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 line of credit overdraft or automatic transfer service linked to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the 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.

What fees will I be charged if Florence Bank pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $33.00 each time we pay an overdraft.
• We limit the number of fees charged to an account to no more than three fees per business day.

What if I want Florence Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please do the following:

1. Click the Opt-In check box

2. Complete your information, and

3. Confirm your choice by clicking the Submit button.

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Thank you for your submission!

We will be in touch with you soon.

Alternative Ways to Opt In
By Phone
To opt-in by phone, please call (413) 586-1300 or (800) 644-8261.

By Mail
To opt–in by mail, print and mail this form to Florence Bank, P.O. Box 60700, Florence, MA 01062-9979.

In Person
Visit any of our locations and ask a customer service representative to assist you through this process.