Malvern National Bank is committed to providing you with superior products and service. A recently updated Federal Reserve regulation will result in changes to those accounts which currently include our standard overdraft privilege.

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. We can cover your overdrafts in two different ways:

• We have standard overdraft practices that come with your account if you qualify.
  
• 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.

What are the standard overdraft practices that come with my account?
If you are enrolled in our standard overdraft privilege, we currently authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
  
• Automatic bill payments
  
• ATM transactions
  
• Every day debit card transactions

After August 15, 2010, unless you ask us to, we will not authorize nor pay overdrafts for the following types of transactions:

• ATM transactions
  
• Every day 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 Malvern National Bank pays my overdraft?
Under our standard overdraft practices we will charge you a one time fee of $27 each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account.

What do I do if I want Malvern National Bank to authorize and pay overdrafts on my ATM and every day debit card transactions after August 15, 2010?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010, please return the response card at the bottom of the letter mailed to you or click, call or visit your nearest Malvern National Bank location.

By completing the mailed Opt-In Response Card and returning it to Malvern National Bank, you are accepting the Overdraft Service for your ATM withdrawals and debit card purchases including its terms and fees, and you understand that you have the right to revoke that acceptance at any time. Please remember to retain your copy of the letter for your reference. If you choose to click on the link below to Opt-In, please follow the directions provided after entering the unique ID number from your letter. You can also choose to call us or come in to your nearest branch of MNB.

To enroll for standard overdraft protection on your ATM-Debit Card, please stop by your nearest branch of MNB.

CLICK HERE for a complete list of locations and phone numbers.