Overdraft protection

When you link accounts with overdraft protection, funds will be automatically transferred from the linked account as follows:

• If the negative Available Balance in your checking account is $5.01 or more, the advance amount transfers in multiples of $50.
• If your negative Available Balance is $5 or less, the amount advanced will be $5.
• The Overdraft Protection Transfer Fee is waived if the negative Available Balance in your checking account is $50 or less.
• There is no fee when an overdraft protection transfer is made from a linked deposit account (i.e., a U.S. Bank savings, money market or secondary checking account).

For example, let's say your checking account balance is $40, and you write a check for $125. This causes your checking account to be overdrawn by $85. If you have overdraft protection with a credit account, and the Available Balance is $1,000, we would transfer $100 from the primary account linked for overdraft protection, which includes enough to cover your negative balance and your overdraft protection transfer fee.

An Overdraft Protection Transfer fee is a charge we apply to your account when we transfer funds from a linked account to cover an overdraft.

For most U.S. Bank checking accounts, this fee is no more than $12.50 if the transfers are made from a linked U.S. Bank credit account (U.S. Bank Reserve Line of Credit, U.S. Bank Personal Line, U.S. Bank Home Equity Line of Credit and/or U.S. Bank credit card).

No Overdraft Protection Transfer Fee(s) will be charged for transfers from linked deposit accounts (U.S. Bank consumer savings account, money market or secondary checking account).

Overdraft Protection Transfer Fees are waived on U.S. Bank Smartly Checking Accounts.

An overdraft occurs when an account does not have enough of an Available Balance to cover a transaction.

If the account linked for overdraft protection doesn't have enough funds to cover the overdraft, we transfer the Available Balance in the linked Overdraft Protection account to reduce the overdrawn amount. If there's another account linked for overdraft protection, we transfer funds from that account in multiples of $50 to cover the remaining negative Available Balance.

As a U.S. Bank customer, you can get overdraft protection by linking an eligible account to your checking account.¹ You may link up to three eligible accounts.

Eligible U.S. Bank accounts include the following:

• U.S. Bank savings and money market accounts
• U.S. Bank checking account (excluding Safe Debit accounts)
• U.S. Bank Reserve Line of Credit (overdraft protection line of credit)²
• U.S. Bank Personal lines of credit²
• U.S. Bank home equity line of credit²
• U.S. Bank credit cards²

Once you've decided which accounts you want your overdraft protection transfers to come from, you can set up overdraft protection by doing one of the following:

• Log in to online banking or the mobile app.
• Talk to a banker at a U.S. Bank branch.
• Call us at 800-USBANKS (872-2657).

You may be able to reduce or avoid overdraft and overdraft protection transfer fees by:

• Setting up account alerts to receive email or text messages when your balance is low or when payments are due. Please be advised that the alerts may not be sent immediately. To set up account alerts, download the U.S. Bank Mobile App to your mobile device or visit usbank.com.
• Monitoring your account and transferring funds into your checking account on your own before an overdraft occurs.
• Exploring checking account options by visiting usbank.com, visiting your local U.S. Bank branch, or by calling 24-Hour Banking at 800-USBANKS (872-2657). We accept relay calls.

Overdraft protection provides coverage by linking your checking account to another account, like a savings account or Reserve Line of Credit, when transactions exceed the Available Balance in your checking account.

Standard overdraft coverage refers to how U.S. Bank will handle transactions that exceed the Available Balance in your account. If a transaction takes your account's Available Balance below zero, we look to your standard overdraft coverage selections to decide how we will handle the transaction.

U.S. Bank may authorize and pay overdrafts for these types of transactions for a fee:

• Checks and other transactions using your checking account number
• Automatic bill payments
• Recurring debit card transactions (such as automatic gym dues)

We will not authorize and pay overdrafts for these types of transactions unless you say "yes" to ATM and debit card overdraft coverage:

• ATM transactions
• Debit card purchases (e.g., paying for gas at the pump, buying groceries, buying something online)

Each overdraft item we pay on your behalf is subject to "Overdraft Paid Fees". Please see your Consumer Pricing Information (PDF) disclosure for more information.