WHAT YOU NEED TO KNOW ABOUT NONSUFFICIENT FUNDS/OVERDRAFTS AND NONSUFFICIENT FUNDS/OVERDRAFT FEES

An overdraft occurs when you do not have enough money in your account to cover a transaction, be we pay it anyway.

We use the available balance method to determine if you have enough money in your account to cover a transaction.  The available balance method will determine whether your account is overdraw, that is, whether there is enough money in your account to pay for a transaction.  Your “available” balance may not be the same as your account’s actual balance.  This means an overdraft or a NSF transaction could occur regardless of your account’s actual balance.

Your available balance is calculated based on the money “available” in your account to cover payments.  The available balance takes transactions that have been authorized, but not settled yet, and subtracts them from the actual balance.  Holds placed on deposits that have not cleared are also subtracted from the actual balance to determine the available balance.

We can cover your overdrafts in two different ways:

1. We have standard overdraft practices that come with your account. These practices are explained in the account Terms and Conditions.
2. We also offer overdraft protection plans, such as a link to a savings account or line of credit, which may be less expensive than our standard overdraft practices.  Ask us about these plans to learn more.

This notice explains our standard overdraft practices.

What are the 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 do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

• 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.

Your transaction will be declined if we do not authorize and pay an overdraft.

What fees will I be charged if We Florida Financial pays my nonsufficient funds or overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $39 each time we pay an overdraft
• There is no limit on the total fees we can charge you for paying with unavailable funds or overdrawing your account

What if I want We Florida Financial to authorize and pay nonsufficient funds and overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay nonsufficient funds and overdrafts on ATM and everyday debit card transactions, you can submit your authorization electronically by selecting "Accept" below or you may call 954-745-2400 or 800-230-0200.  Select option 3 from the main menu.