What You Need to Know About Overdrafts and Overdraft Fees

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What You Need to Know About Overdrafts and Overdraft Fees
An overdraft occurs when there is not enough money in your account to cover a transaction, but we pay it anyway. Overdrafts can be covered in two different ways:

Standard overdraft practices come with your account.
Overdraft protection plans, such as a link to another checking or savings account or to a line of credit, are also offered and may be less expensive than 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
Credit card processor payment processing services

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

Overdrafts are paid at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If an overdraft is not authorized and paid, your transaction will be declined.

What fees will I be charged if Far West Bank pays my overdraft?
Under our standard overdraft practices:

You will be charged a fee of up to $23 each time an overdraft is paid.
An additional daily fee will be assessed for each calendar day your account is overdrawn, based on the amount overdrawn as shown in the table below:

Overdraft Balance	Daily Fee
$10 to $500	$1.50
$500.01 to $1,000	$3.00
$1,000.01 to $5,000	$7.00
$5,000.01 to $50,000.00	$10.00 or 0.10% of the OD balance, whichever is greater
$50,000.01 or more	$50.00 or 0.10% of the OD balance, whichever is greater

The total fees that can be charged for overdrawing your account will not exceed $150 per day.

What if I want Far West Bank to authorize and pay overdrafts on my ATM and
everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, click here, or visit any Far West Bank financial center.

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