Why Have Overdraft Privilege Service?
Have You Ever . . .

• Made an honest mistake with your checkbook?
• Found your checking account running a little thin?
• Had unusual or unforeseen expenses at just the wrong time?

Overdraft Privilege Can Mean . . .

• Fewer charges from retailers for returned checks!
• Additional convenience and flexibility in managing your funds!
• Less aggravation and embarrassment!

Of course, we can't promise to pay every overdraft and some restrictions do apply. See the Overdraft Privilege Service Policy that follows.

Our normal non-sufficient funds charge will apply to each item that would create an overdraft on your account!

Overdraft Privilege Service Policy

Discretionary Overdraft Service, Certain Restrictions Apply.

It is the policy of Lumbee Guaranty 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 Funds
Availability Policy; are treated as not yes "available" or finally paid.

We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically refusing unpaid, any non-sufficient funds items that you may have, if your eligible account (primarily used for personal and household purposes) has been open for at least ninety (90) days and thereafter you maintain your account in good standing, which includes at least: (A) Continuing to make regular deposits, (B) You are not in default on any loan obligation to Lumbee Guaranty Bank (C) You bring your account to a positive balance (not overdrawn) within 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 you reasonable overdrafts. This discretionary *service will generally be limited to a $300.00 overdraft (negative) balance for eligible Personal Checking accounts. Of course, any and all bank fees and charges, including without limitation our nonsufficient funds/overdraft fees (as set forth in our fee schedules) will be included in this limit.

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. The amount of any overdrafts plus our Non-Sufficient Funds 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 cards, 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 Charge(s).

LIMITATIONS: Available only to eligible personal checking accounts for personal and household purposes (Business or Commercial Accounts, Money Market Accounts, and Student Accounts are not eligible) and we may limit the number of accounts eligible for Overdraft Privilege to one account per household.

*The Overdraft Privilege 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. This 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 the bank at any time without prior notice or reason or cause.