IMPORTANT INFORMATION ABOUT YOUR DEBIT CARD OVERDRAFT COVERAGE

Due to recent changes in banking regulations, we are now required to obtain your consent in order to continue providing overdraft protection coverage on your ATM and everyday debit card transactions. The information below will help you make an informed decision on whether overdraft services are right for you. To opt-in and continue your Debit Card Overdraft Coverage, click here. Please note these new rules do not apply to business accounts.

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.  We can cover your overdrafts in two different ways:

1. We have standard overdraft practices that come with your account.

2. 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. This notice explains our standard overdraft practices.

What are the standard 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. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Champlain National Bank pays my overdraft?

Under our standard overdraft practices:

          • We will charge you a fee of up to $35 each time we pay an overdraft

          • The maximum daily overdraft fee we can charge you for overdrawing

             your account is $175.

What if I want Champlain National Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010,

          • Call or visit your local Champlain National Bank office

          • Call (518) 963-4201, option 5 (Mon-Fri, 8 am - 5 pm)

          • Complete this form and mail it to: Attn: Deposit Operations, P.O. Box 130,

 Willsboro, NY 12996 or fax it to (518) 963-7669.