U.S. Bank Safe Debit Account Terms and Conditions

The Safe Debit Account is oered by U.S. Bank as an alternative to a traditional checking account.

It is a checkless banking account with a monthly maintenance fee, no overdraft fees and no checks.

Deposits, withdrawals and payments can be made similar to any other U.S. Bank deposit account.

Deposits can be made via direct deposit, at an ATM, in a branch, and through online and mobile

banking using account to account transfers or Mobile Check Deposit, our remote deposit capture

service.

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Cash withdrawals can be made at an ATM and in a branch. Payments can be made with your

debit card, through Online and Mobile Pay Bills and Send Money services, money orders, or by setting

Digital Services Agreement. Except as specically described within this agreement, the terms and conditions outlined in

all other disclosures and agreements continue to apply. Please read all of these documents and disclosures carefully.

This agreement is revised periodically, and it may include changes from earlier versions. We will notify you of those

changes at least 30 calendar days prior to the change effective date either by mail or electronically according to the

communication preference you indicated upon account opening. By using your account, you agree to the most recent

version of this agreement, which is always available to you at a branch, online, and within the mobile banking application.

Below is important information for you to know about your

U.S. Bank Safe Debit Account.

Fees and Charges

There may be additional fees and charges for other select

Overdraft coverage and overdraft protection are

Overdraft services are not available with the Safe Debit

Account. To help you avoid overdrawing your account,

we have set this account to decline transactions that

may overdraw your account. This means if a debit card

purchase or ATM withdrawal greater than the current

available balance is attempted on your account it will

be declined in most situations. There are a few limited

scenarios when an authorized debit card transaction or

Keep in mind, online bill payments and other electronic

payments will not be paid if you do not have enough

The available balance for your account can be found by

checking online or mobile banking and at an ATM. Your

available balance shows the funds in your account that

are available for withdrawal or authorization on your debit

card purchase at that point in time. Remember, your

available balance only includes payments U.S. Bank has

processed through your account. So, it’s a good idea to

keep track of all your outstanding transactions such as

automatic payments or debit card transactions. For more

Overdrafts can occur on this account

Although we try to help you limit overdrafts on your Safe

Debit Account, they can still occur. An overdraft will

happen if you do not have enough available funds in your

account to cover an item. We will not charge you

an Overdraft Paid or Overdraft Returned Fee, but you

will not be able to use your debit card or withdraw funds

from your account until you transfer or deposit enough

money to bring your available balance positive.

There are some types of payments you make with your

transaction is complete. When the merchant sends the

debit for the actual amount of the purchase, the bank will

process the full purchase amount. It’s a good idea to be

aware and track the total amount paid at the gas pump

until the actual amount posts so you know the available

balance you have remaining in your account.

Do not order checks for the safe debit account

The use of checks is not permitted with the Safe Debit

Account. Do not order checks through check printing

vendors. Any debit transactions to a Safe Debit Account

When providing account and routing numbers to

merchants to make a purchase or payment in person,

electronically or over-the-phone, you need to ensure

that the merchant is using the ACH (Automated Clearing

debit. An ACH is an accepted form of payment for the

Safe Debit Account. Remember checks are not allowed

for the Safe Debit Account, so if the merchant processes

a payment as a check, the check will be rejected and not

paid. You may be charged by the merchant for any unpaid

You may use your debit card for point of sale purchases.

If you are enrolled in online or mobile banking, you can

pay your bills electronically using the Pay Bills feature.

Use of the Pay Bills feature for your Safe Debit Account

is governed by the Digital Services Agreement with the

following additional limitations:

• You may only schedule one-time payments using

pre- authorized recurring payments and expedited

payments may not be scheduled for a Safe

Debit Account.

If you are a new customer at U.S. Bank, for the rst 30

calendar days after opening your Safe Debit Account you

will not be able to use Mobile Check Deposit, our remote

deposit capture service through online or mobile banking.

You are considered a new customer if you currently do

not have another U.S. Bank account prior to opening your

Safe Debit Account.

On Day 31 after opening your account, you should have

access, as long as you meet the Mobile Check Deposit

eligibility requirements. If you have an existing account