Overdraft Fees and Consent

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 link to another account or a line of credit, which may be less costly than ourstandard 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 will not authorize and pay overdrafts for the following types of transactions without your consent:

• 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 SeaComm pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $25 each time we pay an overdraft
• We will charge a fee of $5 fee if your account is overdrawn $10 or less
• We will charge a $5 fee if the item presented is less than $10
• There is no limit per day on the total fees we can charge you for overdrawing your account

What if I want SeaComm 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, call (315) 764-0566, email us at odp@seacomm.org or send us a secure message through online banking, complete the online form below or print a PDF and present it at a branch or mail it to: 30 Stearns St Massena, NY 13662. You can revoke your authorization for SeaComm to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and the last 4 digits of your account number so that we can properly identify your account.