Overdraft Privilege Policy

(Non-Sufficient Funds)

It is the policy of our Bank to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.

An insufficient balance may result from : A) The payment of checks, electronic funds transfers, or other withdrawal requests; B) Payments authorized by you; C) The return, unpaid, of items deposited by you; D) The imposition of bank service charges; or E) The deposit of items which according to the Bank's Fund Availability Policy, are treated as not yet "available" or finally paid.

We are not obligated to pay any item presented for payment if you account does not contain sufficient collected funds. However, if you maintain your account in good standing, defined as: A) Making regular monthly deposits; B) Bringing the account to a positive balance every thirty days or less; and C) There are no legal orders outstanding on your account; we will approve your reasonable overdrafts as a non-contractual courtesy. Generally, we will not approve an overdraft for you in excess of: $300 for personal checking accounts open more than thirty (30) days, or $500 for personal checking accounts open more than thirty (30) days and at least $600 in recurring deposits during the last statement cycle or $700 personal accounts open more than thirty (30) days and receiving regular recurring direct deposits. These limits include our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s). If we determine your account no longer meets any of the above conditions, the Overdraft Privilege on your account is subject to termination without notice.

We may refuse to pay an overdraft for you at any time, even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have: however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s).

LIMITATIONS: Available only to consumer accounts (excluding Money Market and Student Accounts) for personal and household use and we may limit the number of accounts eligible for Overdraft Privilege to one account per household. Additionally, we reserve the right to not approve any overdrafts against your account until we can verify that your account is being maintained in good standing, as defined above.

ACCOUNT FEES: Whether we pay or return a Non-Sufficient Funds item, a flat per-item fee will be charged to your account as a Non-Sufficient Funds or Overdraft (NSF/OD) Charge, as set forth in our common fees schedule.

To our Valued Bank Customers:

1st International Bank is constantly evaluating new products and better ways to serve our customers. We have one! OVERDRAFT PRIVILEGE.

Overdraft Privilege will provide you with the ability to overdraw your account, up to $300, $500 or $700, depending on your account balance and status.

As long as your account has been open 30 days and maintained in good standing, defined as: A) Making regular monthly deposits sufficient to cover your transactions; B) Bringing your account to a positive balance meaning not overdrawn for more than 30 days consecutively and; C) There are no legal orders outstanding on your account, we will normally honor (pay) your overdrafts up to the limits mentioned above, including your normal Non-Sufficient Funds (NSF) Charge(s).

This Overdraft Privilege is extended to you to provide additional flexibility and convenience in managing your funds, and to provide you with peace of mind knowing your checks will be honored up to your assigned OVERDRAFT PRIVILEGE limit.

This non-contractual courtesy requires no action on your part. You do not have to sign any additional documents and its costs you nothing unless you use the privilege by initiating check, electronic funds transfers, or other payment or withdrawal requests for more than you have on deposit in your account. If you maintain your account in good standing and you have need for this "privilege", we will pay your checks up to your assigned limit, and we will charge your account our normal ODP Charge for each item that overdraws your account. We will send you a notice each time an overdraft occurs.

OVERDRAFT PRIVILEGE is another convenience and another good reason for banking with 1st International Bank.