PRODUCT OVERVIEW
Please refer to the Product Overview section of the "Checking Account Advance Agreement" or see "Your Deposit Account Agreement" page 45 for more information.

What is Checking Account Advance?
Checking Account Advance is a feature of U.S. Bank checking accounts that allows eligible customers to borrow money from their next direct deposit. This feature has no application process and is in a form of a line of credit that allows customers to take as many advances up to their credit limit. If a customer decides to take an advance, the funds are deposited directly into the customer's checking account.

Payments are made when the next direct deposit of $100 is received by the bank. The bank will payoff any balance up to the deposited amount. If an advance is not paid by the 35th day, the bank will withdraw the outstanding balance from the checking account, even if this overdraws the account, to pay the Checking Account Advance. If the account is used in 9 consecutive statement cycles, or becomes not in good standing, the bank may limit access of additional advance up to 90 days. Customers must also maintain all eligibility requirements to use the Checking Account Advance feature.

Customers should regularly monitor their accounts, this is the best way to avoid fees and adverse actions.

For customers considering to use the Checking Account Advance feature, please be sure to click on and read "The Guide to Checking Account Advance" and the "Checking Account Advance Agreement".

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