We may provide Overdraft Privilege with respect to your accounts.  Overdraft Privilege is available only to eligible personal checking accounts primarily used for personal and household purposes.  (Business accounts, Savings, Money Market accounts, Student accounts, and Public Fund accounts are not eligible.)  We may limit the number of accounts eligible for Overdraft Privilege to one account per household. 

Overdraft Privilege can be a valuable service because it protects your reputation, avoids default, avoids our NSF fee, and avoids high charges from merchants for returned checks.  Your reputation is protected because the payee will not know that there were insufficient funds to cover the item, and there won’t be a returned NSF to report to a consumer credit reporting agency. 

Overdraft fees can be substantial, especially in relation to multiple small overdrafts.  Similarly, our NSF fees and the fees imposed by payees when items are returned NSF can be substantial.  Thus, we discourage the intentional and routine writing of checks or initiating of electronic funds transfers or other transactions that will overdraw your account if paid.  Overdraft Privilege should be used only for occasional and inadvertent overdrafts and should not be relied on in the manner as, for example, a line of credit. 

Fees.  The Overdraft (OD) and/or Non-Sufficient Funds (NSF) Paid Item and/or Non-Sufficient Funds (NSF) Returned Item fee(s) for the payment of each overdraft is $30.00 and multiple overdraft fees may be charged on a single day. 

Categories of Transactions.  The categories of transactions for which an overdraft fee may be imposed are those by any of the following means:  check, in-person withdrawal, ATM withdrawal, or other electronic means. 

Time for Repayment.  We reserve the right to require you to pay an overdraft immediately. 

Circumstances Under Which We Wouldn’t Pay.  The circumstances under which we wouldn’t pay an item that would overdraw your account are entirely within our discretion, and we reserve the right not to pay.  We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds.  Rather than automatically returning, unpaid, any non-sufficient funds item that you may have, if your eligible account has been opened for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least: (a) continuing to make deposits consistent with your past practices, and depositing at least $300 or more in your account within each thirty (30) day period, (b) you are not in default on any loan obligation to the Bank, (c) you bring your account to a positive balance at least once every thirty (30) days, and (d) your account is not the subject to any  legal or administrative order or levy, we will consider, without obligation or our part, approving your reasonable overdraft.  We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. 

Check Payment/Posting Order.  The order in which we pay checks and process other transactions is in any order we may choose at our sole discretion. 

Dollar Limit.  The Overdraft Privilege will generally be limited to a $400 overdraft (negative) balance for the Free Checking accounts and $700 overdraft (negative) balance for other eligible personal checking accounts.  Any and all fees and charges, including without limitation our non-sufficient funds/overdraft fees will be included in this limit, reducing the amount available under that limit. 

This Overdraft Privilege service represents a “purely discretionary” courtesy or privilege that the Bank may provide to you from time to time and which may be withdrawn or withheld by us at any time without prior notice or reason or cause.  Alternatively, you have the right to "opt out" of this privilege at the time of account opening.  This service does not constitute an actual or implied agreement between you and the Bank.  Nor does it constitute an actual or implied obligation of or by the Bank.