ODP Opt-In

American Savings FSB

Overdraft OPT-IN

Overview of Overdraft Regulations

Frequently Asked Questions (FAQ)

Overdraft Privilege OPT IN Form

You must OPT IN and tell us that you want us to authorize and pay overdrafts on Debit and ATM
card transactions. Check the box below, fill in the information requested and click the Submit button
to provide your OPT IN.

Yes, by submitting this information, I confirm that I want American Savings, FSB to authorize and pay overdrafts on my Debit and ATM card transactions for the eligible account submitted.

Name:

Account Number:

Date: (MM/DD/YYYY) //

Overview of Overdraft Regulations
Banking regulations require that the bank obtain your authorization before charging fees for certain types of transactions that result in an overdraft to your account.

Transaction Type	Regulation
Checks (and other transactions made using your checking account number)	Covered We may pay and charge an Overdraft fee
Monthly Electronic Withdrawals (and other automatic bill payments)	Covered We may pay and charge an Overdraft fee
ATM Withdrawals	If you OPT IN, we may pay and charge an Overdraft fee. Otherwise, transaction will be DECLINED.
Debit Card Transactions	If you OPT IN, we may pay and charge an Overdraft fee. Otherwise, transaction will be DECLINED.

Why Is This Important To Me?
Your Overdraft Privilege coverage will be incomplete if you do not OPT IN, whereby transactions (that would create an overdraft) made with your Debit/ATM card, whether it�s at an ATM or at a point-of-sale terminal (such as at a gas station, grocery store, restaurant, etc.), will be DECLINED unless you OPT IN.

NOTE: We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

Fees and Other Options
While there is no cost to OPT IN, we will charge you a fee per the bank's current fee schedule each time we pay an overdraft, with an additional daily fee if your account is overdrawn for 5 or more consecutive business days, with no limit on the total fees we can charge. As a supplement or alternative to Overdraft Privilege, we also offer �Sweep� protection, which may be less expensive than our standard overdraft practices. To learn more, ask us about this option.

Frequently Asked Questions (FAQs)

1) Why should I OPT IN?
If you wish to have your Overdraft Privilege included in the authorization of your Debit/ATM card transactions, you will want to OPT IN. For those times when you really need it, for the cost of a standard overdraft fee, you will avoid the inconvenience of a declined ATM transaction or the embarrassment and inconvenience of a declined debit card transaction at the point of sale terminal (such as at a gas station, grocery store, restaurant, etc.).

2) Are there any costs or fees?
There is NO cost or fee associated with your decision to OPT IN � you�re simply making a decision as to how your Overdraft Privilege protection will be applied in the future. As always, overdraft fees are only charged when you generate an overdraft to your eligible account.

3) When do I have to make a decision?
You can OPT IN at any time.

4) Why would I not OPT IN?
You may not wish to OPT IN if you don�t want to risk having an �everyday� Debit/ATM card transaction creating an overdraft and the expense of an overdraft fee. However, these transactions will instead be declined.

5) What if I change my mind?
If you OPT IN and later change your mind, you can reverse your decision at any time without cost or penalty.

6) Can I OPT IN once for all of my eligible accounts?
No. You must supply an OPT IN for each eligible account.

7) If an account has multiple owners, do we ALL have to OPT IN?
No. One owner may OPT IN at any time for joint accounts.

8) Are there other Overdraft Protection options?
Yes. Please see our Overdraft Protection brochure or speak with a bank employee to discuss your options.

9) How can I monitor my accounts better to avoid overdrafts?
We offer several options to help you keep track of your finances. Ask for one of our Convenience Banking brochures at any branch to review these products and services, such as Online Banking and our 24-Hour Information Line.

Copyright 2012, American Savings, FSB
NMLS Institution #440104
Questions or comments, please contact us.

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