Important Information to Our Customers
on Overdrafts and Overdraft Fees

An OVERDRAFT occurs when a transaction is made and there is not enough money in the account to cover the transaction, but Village Bank pays the transaction as a courtesy. Village Bank can cover your overdrafts in two different ways:

1. The account has standard overdraft practices that were disclosed when your account was opened.
2. Village Bank has overdraft protection plans that link to other Village Bank accounts (savings, money market, line of credit) that may be accessed if a transaction causes an overdraft. This may be less expensive than the standard overdraft practices.

On August 14, 2010, Village Bank will not authorize and pay overdrafts for ATM transactions and everyday debit card transactions when there is not enough money in your account. Your request allows Village Bank to consider paying the overdraft for which you will incur a fee. This is your choice. If you do not request this service, or if Village Bank chooses not to authorize the overdraft, your transaction will be declined.

The types of transactions not affected by the new Federal Banking rules include check and other transactions using your routing and checking account numbers and automatic bill payments. Village Bank may authorize and pay overdrafts on these transactions and fees may result.

WHAT FEES WILL I BE CHARGED IF VILLAGE BANK PAYS MY OVERDRAFT?

Under our standard overdraft practices, there are two different fee types.

1. Insufficient Funds (NSF)
2. Uncollected Funds

• We will charge you a fee of up to $35 each time we pay an NSF or uncollected items.
• Also, if your account is overdrawn for 5 or more consecutive business days, we will charge an additional $5 per day.

WHAT IF I WANT VILLAGE BANK TO AUTHORIZE AND PAY OVERDRAFTS ON MY ATM AND EVERYDAY DEBIT CARD TRANSACTIONS?

Submit a request to Village Bank in any of the following ways:

• *  Visit any Village Bank branch.
• * Contact any of our fourteen retail branch locations.    Click here for branch information.
• *  To enroll electronically click here.