Debit Card/ATM Overdraft Coverage¹

This notice explains our standard overdraft practices. An overdraft occurs when you do not have enough money in your account to cover a transaction, but the bank pays it anyway. Currently, we can cover your overdraft 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, please ask us about these plans.

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 and/or recurring 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 be charged if Popular pays my overdraft?

Under our standard overdraft practices:

• We will charge you up to $34 each time that we pay an overdraft. There is no fee charged for returned overdraft transactions.
• We have a daily limit for charging up to three items. If you have more than three items overdraw your account in a single day, only the first three will be assessed a fee.
• We will not charge you a fee if your account is overdrawn by $50 or less.

IMPORTANT: We will not authorize and pay overdrafts for the following type of transactions unless you ask us to:

• ATM and everyday debit card transactions

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

If you want to opt-in for overdraft coverage for us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete this form and sign below. If we do not hear from you, we will not authorize and pay overdrafts on ATM and everyday debit card transactions.

• Call us at 1-888-610-5925
• Visit your local branch and one of our bankers will assist you
• Download and print the Overdraft Coverage Opt-In Form below and mail your completed form to:
  
  Popular OPT-IN Debit Card Coverage
  P.O. Box 4906
  Miami Lakes, FL 33014

Overdraft Coverage Opt-In Form