REG E & OPT IN
What You need to know about the new regulations regarding Overdraft on Debit Cards and a new requirement to opt-in

Important Notice: Overdraft Advance Opt-In Required

Overdrafts
An overdraft occurs when you do not have enough funds in your account to cover a transaction, but ADVANCED FINANCIAL pays it anyway. ADVANCED FINANCIAL can cover your overdrafts in two different ways:

1. We have standard overdraft practices that come with your account. (Explained below)
2. We also offer overdraft protection plans, such as a link to a savings account with no cost.

To learn more, ask us about these plans.   We may pay overdrafts at our discretion, which means we DO NOT GUARANTEE we will always authorize and pay any type of transaction. If we do NOT authorize and pay an overdraft, your transactions will be declined. ADVANCED FINANCIAL may at its discretion and at anytime, discontinue the Overdraft Allowance program on your account and declare all balances due and payable.  

Current Standard Overdraft Practices
What are the standard overdraft practices that come with my account? If an overdraft occurs we may authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
• Automatic bill payments
• ACH items

New Standard Overdraft Practices
Beginning July 1 for New Customers and after August 15 for existing customers We will not authorize and pay overdrafts for the following types of transactions unless you authorize us to by opting-in:

• ATM Transactions
• Everyday CheckCard (debit card) purchases  

To Stay Protected
Be sure to Opt-In for overdraft coverage on your CheckCard and ATM transactions. Call us or visit one of our branches.

Note: The NEW Standard Overdraft Practices are effective after July 1 for New Customers and after August 15 for existing customers.  

Overdraft Fees
What fees will I be charged if ADVANCED FINANCIAL pays my overdraft? Under our standard overdraft practices, we will charge you an insufficient funds fee of $35.00 each time we pay an overdraft.  There is no limit on the total fees we can charge you for overdrawing your account, however, the overdraft limit is established at a $500* maximum.  

Fees listed in this disclosure are effective as of April, 2010, and are subject to change. Please refer to a current ADVANCED FINANCIAL Schedule of Fees & Charges for any fee updates.

The BENEFITS of overdraft protection:

• It is convenient.
• It saves embarrassment.
• It provides a safety net.
• It is good to have in an emergency.

If you decide to OPT-IN:

• The bank will try to cover your everyday debit card and ATM transactions regardless of the funds that exist in your account (ATM daily limits also apply).
• There is no fee to OPT-IN to the protection.
• There is a $35 overdraft fee each time we pay a transaction when you have insufficient funds available. You will incur the fees ONLY if we actually cover the overdraft for you.

If you decide NOT to OPT-IN:

• The bank will not cover your everyday debit card and ATM transactions when there are insufficient funds in your account and your transaction will be declined.

In order to continue receiving the overdraft services that you are currently getting, you must “Opt-In” in one of the following ways.

1. Call us at 908-771-0300 or 1-800-237-5626 and request to “Opt-In”.
2. Complete the “Opt-In” form and drop it by any of our branches.
3. Mail the “Opt-In” form to us at 785 Central Ave New Providence, NJ 07974.    
4. FAX the “Opt-In” form to 908-771-9349.    
5. Email the “Opt-In” form to us at afsinfo@advfinfcu.com  

*Subject to change, consult Advanced Financial FCU Fee Schedule Overdraft Advance Disclosures