New Federal Regulations  

That Affect You!

If you have an ATM/debit card, we will no longer be able to pay overdrafts for the following types of transactions UNLESS you choose to OPT IN:

CLICK HERE TO OPT IN       

Unless you take action and choose to opt in prior to August 12, 2010, your ATM or one-time debit card transactions will be declined. 

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. Payment is at our discretion and we do not guarantee that we will always authorize or pay any type of transaction. We can cover your overdrafts in two basic ways

1.     Overdraft Privilege

2.  Cashline (Line of Credit)

Ø  What are the standard overdraft practices that come with my account?

We may authorize and pay overdrafts for the following types of transactions, up to the pre-established limit:

· Checks and other transactions made using your checking account number

· Automatic bill payments

Due to new Federal Banking Regulations, beginning on August 12, 2010, we will not be able to pay overdrafts for the following types of transactions unless you ask us to by choosing to opt in:

· ATM transactions

· One-time debit card transactions

You need to take action by “opting in” for us to also cover these types of transactions with an overdraft fee.   If you do not opt in your ATM or one-time debit card transactions will be declined.           

(Customers with Cashline are not required to opt in)

Ø What fees will I be charged if First Keystone National Bank or Pocono Community Bank pays my overdraft?

Under our standard overdraft practices:

· We will charge you a fee of $30 per item when we pay an overdraft, regardless of what

   type of transaction we are covering for you.                                                                                        

· There is no limit on the total fees we can charge you for overdrawing your account.

Ø What if I want First Keystone National Bank or Pocono Community Bank to authorize and pay overdrafts on my ATM and one-time debit card transactions?

Select any of these responses