"An overdraft occurs when you do not have enough money in your account to cover a transaction, but the bank pays it anyway."

New Federal Reserve rules taking effect soon may adversely affect your Overdraft Privilege unless you opt-in to keep it. Beginning August 15, 2010, overdrafts for ATM withdrawals and certain debit card purchases will not be covered and your transactions may be declined unless you opt-in.

What you need to know about ATM/Debit Card Overdraft Services

An overdraft occurs when you do not have enough money in your account to cover a transaction, but the bank pays it anyway. We can cover your overdrafts in two different ways:

• We have standard overdraft practices that come with your account (see below).
• We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

Our Standard Overdraft Practices

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

As required by federal regulation, after August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you opt-in:

• 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 you will be charged if Bank Iowa pays your overdraft

Under our standard overdraft practices:

• We will charge you a fee of up to $20 for each item that overdraws your account
• There is no limit on the total fees we can charge you for overdrawing your account

How to opt-in for continued overdraft protection

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010, you must opt-in by:

• Clicking on Contact Us and entering in the comment section that you want to opt-in for Bank Iowa to authorize and pay overdrafts on your ATM and everyday debit card transactions or whether you wish to decline; please be sure to include your full name and account number(s)
• Calling us at 712.263.9361
• Completing the opt-in form and returning it to one of our branches or mailing it to 1108 Broadway, Denison, IA 51442