Overdraft Privilege is available to all eligible checking accounts.

Overdraft Privilege is a discretionary courtesy that Kirkpatrick Bank is extending to eligible Personal and Commercial Checking account holders. Kirkpatrick Bank will pay, rather than return unpaid, customer Non-Sufficient Funds items, up to assigned Overdraft Privilege limit. The standard per item Non-Sufficient Funds charge applies as set forth in the Schedule of Fees and Charges.

A $700 Overdraft Privilege limit will be assigned to all eligible Personal and Commercial Checking accounts. A $500 Overdraft Privilege limit will be assigned to all eligible Free Personal Checking accounts. New accounts must be open at least 30 days. Existing customers must maintain their account in good standing per the bank’s Overdraft Privilege Service Description. Overdraft Privilege limit is included in your available balance. You may access your Overdraft Privilege with your Kirkpatrick Bank Check Card, Kirkpatrick Business Check Card, Kirkpatrick Bank ATM Money Card, Internal Transfers, or by simply writing a check.


OVERDRAFT PRIVILEGE SERVICE DESCRIPTION
(A Discretionary Overdraft Service)

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

We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. Rather than automatically returning, unpaid, any non-sufficient funds items that you may have, if your eligible account has been open 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, (B) You are not in default on any loan obligation to Kirkpatrick Bank, (C) You bring your account to a positive balance (not overdrawn) at least once every thirty (30) days, and (D) Your account is not the subject of any legal or administrative order or levy, we will consider, as a discretionary courtesy or *service and not a right or obligation, approving your reasonable overdrafts. This discretionary *service will generally be limited to a $500 overdraft (negative) balance for eligible Free Personal Checking Accounts, a $700 overdraft (negative) balance for other eligible Personal Checking Accounts or a $700 overdraft (negative) balance for eligible Commercial Checking Accounts. Of course, any and all bank fees and charges, including without limitation, our non-sufficient funds fees (as set forth in our fee schedules) will be included in this limit.

If your account is not in good standing we have the right to revoke your Overdraft Privileges. You will be notified by mail of any non-sufficient funds item 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 (NSF) Charge(s) that you owe us shall be payable by you. If there is a non-sufficient funds check 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 non-sufficient funds situation, shall be jointly and severally liable for such overdrafts created by the payment of non-sufficient funds check plus our Non-Sufficient Funds (NSF) Charge(s).

LIMITATIONS: Available only to eligible personal and commercial checking accounts. We may limit the number of accounts eligible for the Overdraft Privilege* service to one account per household.

*The Overdraft Privilege service does not constitute an actual or implied agreement between you and Kirkpatrick Bank. Nor does it constitute an actual or implied obligation of or by Kirkpatrick Bank. This service represents a purely discretionary courtesy or privilege that Kirkpatrick Bank may provide to you from time to time in the event your account becomes unintentionally overdrawn and which may be withdrawn or withheld by Kirkpatrick Bank at any time without prior notice or reason or cause.