What You Need to Know about Overdrafts and Overdraft Fees

Beginning August 15, 2010, we will no longer pay your overdrafts for ATM and everyday debit card transactions unless you tell us you want overdraft coverage for these transactions.  Even if you do not request overdraft coverage for ATM and everyday debit card purchases, we may still pay your overdrafts for checks, automatic bill payments and other transactions made by using your account number.

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.

• We offer standard overdraft practices that come with you account.
• We also offer overdraft protection plans, such as link 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

Until August 15, 2010 we will authorize and pay overdrafts for the following types of transactions:

• 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 transactions.  If we do not authorize and pay as overdraft, your transaction will be declined.

What fees will I be charged if Cobblestone Country FCU pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $30 each time we pay an overdraft.
• There is no limit on the total fees we can charge you for overdrawing your account.

What if I want Cobblestone Country FCU to continue to authorize and pay overdrafts on my ATM and everyday debit card transactions after August 15, 2010?

If you want us to continue to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010, call 585-589-5286 or complete the form below and bring it to our office or mail it to:

Cobblestone Country FCU, 239 South Main St, Albion, NY 14411

If you choose not to opt-in and have more than four (4) insufficient debit card transactions in one (1) month, your debit card will be closed.

Please note that your selection will not become effective until August 15, 2010.

You have the right to revoke your decision at any time.

 I WANT Cobblestone Country FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions.

I DO NOT WANT Cobblestone Country FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions.

Print Name:________________________________________________________Date:______________

Signature:________________________________________________Account Number:______________________________