diff --git a/README.md b/README.md
index a02fa32..75508d9 100644
--- a/README.md
+++ b/README.md
@@ -35,6 +35,7 @@ var pool2 = new Pool({
   min: 4, // set min pool size to 4
   idleTimeoutMillis: 1000, // close idle clients after 1 second
   connectionTimeoutMillis: 1000, // return an error after 1 second if connection could not be established
+  maxCheckoutMillis: 1000 // receive a maxCheckoutExceeded event after 1 second
 })
 
 //you can supply a custom client constructor
@@ -79,7 +80,7 @@ const pool = new Pool(config);
     ssl: true
   }
 */
-``` 
+```
 
 ### acquire clients with a promise
 
@@ -296,6 +297,30 @@ setTimeout(function () {
 
 ```
 
+#### maxCheckoutExceeded
+
+Fired whenever a client is checked out longer then  `maxCheckoutMillis`
+
+Example:
+
+This allows you to count the number of clients which have exceeded the checkout timeout.
+
+```js
+var Pool = require('pg-pool')
+var pool = new Pool({ maxCheckoutMillis : 1000 })
+
+let checkoutExceededCount = 0
+
+pool.on('maxCheckoutExceeded', function (client) {
+  checkoutExceededCount++;
+})
+
+setTimeout(function () {
+  console.log('checkout exceeded count:', checkoutExceededCount) // output: checkout exceeded count: 1
+}, 1500)
+
+```
+
 ### environment variables
 
 pg-pool & node-postgres support some of the same environment variables as `psql` supports.  The most common are:
diff --git a/index.js b/index.js
index fe921cb..eb140a4 100644
--- a/index.js
+++ b/index.js
@@ -125,7 +125,8 @@ class Pool extends EventEmitter {
       const client = idleItem.client
       client.release = release.bind(this, client)
       this.emit('acquire', client)
-      return waiter.callback(undefined, client, client.release)
+
+      return this._callCallback(client, waiter.callback)
     }
     if (!this._isFull()) {
       return this.newClient(waiter)
@@ -148,6 +149,20 @@ class Pool extends EventEmitter {
     this.emit('remove', client)
   }
 
+  _callCallback (client, callback) {
+    if (!this.options.maxCheckoutMillis) {
+      return callback(undefined, client, client.release)
+    }
+
+    const tid = setTimeout(() => {
+      this.emit('maxCheckoutExceeded', client)
+    }, this.options.maxCheckoutMillis)
+    return callback(undefined, client, (err) => {
+      clearTimeout(tid)
+      client.release(err)
+    })
+  }
+
   connect (cb) {
     if (this.ending) {
       const err = new Error('Cannot use a pool after calling end on the pool')
@@ -250,9 +265,11 @@ class Pool extends EventEmitter {
         this.emit('acquire', client)
         if (!pendingItem.timedOut) {
           if (this.options.verify) {
-            this.options.verify(client, pendingItem.callback)
+            this._callCallback(client, (_, client) => {
+              this.options.verify(client, pendingItem.callback)
+            })
           } else {
-            pendingItem.callback(undefined, client, client.release)
+            this._callCallback(client, pendingItem.callback)
           }
         } else {
           if (this.options.verify) {
diff --git a/test/connection-timeout.js b/test/connection-timeout.js
index 2c4d68f..4f4b778 100644
--- a/test/connection-timeout.js
+++ b/test/connection-timeout.js
@@ -218,4 +218,63 @@ describe('connection timeout', () => {
       })
     })
   })
+
+  it('emits a maxCheckoutExceeded event on new connections', (done) => {
+    const pool = new Pool({
+      maxCheckoutMillis: 1000,
+      max: 1
+    })
+
+    let maxCheckoutExceededCount = 0
+
+    pool.on('maxCheckoutExceeded', () => {
+      maxCheckoutExceededCount++
+    })
+
+    // First connect with a slow checkout
+    pool.connect((err, client, release) => {
+      expect(err).to.be(undefined)
+
+      client.query('select pg_sleep(2)', (err) => {
+        expect(err).not.to.be.ok()
+
+        release()
+        expect(maxCheckoutExceededCount).to.be(1)
+        pool.end(done)
+      })
+    })
+  })
+
+  it('emits a maxCheckoutExceeded event on queued connections', (done) => {
+    const pool = new Pool({
+      maxCheckoutMillis: 1000,
+      max: 1
+    })
+
+    let maxCheckoutExceededCount = 0
+
+    pool.on('maxCheckoutExceeded', () => {
+      maxCheckoutExceededCount++
+    })
+
+    // First connect with a fast checkout
+    pool.connect((err, client, release) => {
+      expect(err).to.be(undefined)
+
+      // Slow checkout queued afterwards
+      pool.connect((err, client, release) => {
+        expect(err).to.be(undefined)
+
+        client.query('select pg_sleep(2)', (err) => {
+          expect(err).not.to.be.ok()
+
+          release()
+          expect(maxCheckoutExceededCount).to.be(1)
+          pool.end(done)
+        })
+      })
+
+      release()
+    })
+  })
 })