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October 2, 2014

Overdraft Privilege Service

At a Glance

A convenient overdraft consideration for eligible Legends Bank personal checking account customers, to assist our customers in cases when they made an honest mistake in their checkbook, found themselves "a little short", or had unusual or unforeseen expenses at just the wrong time. This discretionary service can help to avoid high charges from merchants for returned checks, and gives our customers additional flexibility in managing their funds.

Features
The service represents a discretionary courtesy or privilege on behalf of Legends Bank to pay overdrafts of up to $500 on eligible personal checking accounts, and up to $1000 on eligible business accounts, rather than automatically returning unpaid all overdraft items.

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

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. 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.

*Ask for a copy of our Overdraft Privilege Service Description for more complete details.

Fees
Legends Bank will charge its normal fee of $25 for each overdraft item that is paid.

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