Unanticipated expenses or mathematical errors can leave your checking account short of cash. In addition, having a check returned due to insufficient funds is terribly embarrassing.

We have created Overdraft Defender as a special privilege specifically for TSB Bank checking account clients whose accounts are in good standing. There is absolutely no charge for this service unless you use it. You need not sign anything. Your Overdraft Defender limit has been automatically assigned to you.

How Does It Work

As long as you maintain your TSB Bank checking account in good standing, we may honor your overdrafts up to the limit assigned. If you use Overdraft Defender, the Bank will deduct its normal overdraft item charge of $20.00 per item. We will notify you by mail when an overdraft occurs. The notice will reflect the sum paid, as well as the bank’s charge for the overdraft item(s). It is important to subtract the fees from the balance in your checkbook.

Going Over Your Overdraft Defender Limit
Should you write checks that put you over your Overdraft Defender limit, the Bank may return the check or checks to the payee(s). In addition, the normal insufficient funds fee of $20.00 will be charged to your account. An insufficient funds notice will be mailed to you.

If your checks are returned:

• The merchant may charge you a fee when your check is returned unpaid and may be unwilling to accept checks from you in the future.
• The person who accepted your check as payment may be charged a fee by his/her bank where he/she deposited your check.
• Your credit rating may be adversely affected.

Overdraft Defender Covers Debit Cards

Your Overdraft Defender privilege may extend to transactions made at an ATM or with your Debit Card. In the case of an ATM, the balance shown on your receipt will reflect your actual balance, not including your Overdraft Defender limit. Other transactions which may be honored under the Overdraft Defender privilege include:

• Checks and other debits cashed at teller windows
• Debit Card purchases
• ACH debit transactions (automatic payments)
• Checks issued to a third party
• Online Banking

Overdraft Defender Covers All Existing Eligible Personal Accounts

Overdraft Defender privileges may be granted on all checking accounts in good standing.

Overdraft Defender does not apply to business and/or commercial checking accounts.

Repaying Overdrafts And Fees
You will be required to bring your checking account into a positive balance within 15 calendar days of your overdraft notice. If, after 15 calendar days your account remains in a negative position, we may close your account and take appropriate steps to recover funds advanced to cover your overdrafts, as well as the Bank’s fees.

Overdraft Defender Is In Force Today
Overdraft Defender privileges may start the moment you open your personal checking account.

Overdraft Defender Limits
To determine your Overdraft Defender limits, refer to the chart below:

• Regular Checking $ 300
• Interest Checking $ 500

Overdraft Defender - TSB Bank Contact Information

Call the Overdraft Administrator toll free - 866-984-2275

Call Dial-A-Bank – Your Account Information By Phone Anytime.
The balance reflected through our free telephone information service will not include your Overdraft Defender limit.

You may call 877-813-2442 anytime day or night, 365 days a year.

Online Banking – www.tsbbank.com

If you have questions regarding your newly created Overdraft Defender privilege, or do not wish to have this new service available, don’t hesitate to see a Customer Service Representative at the location most convenient to you, or call 515-928-2142.

Overdraft Defender Plan
Customer Overdraft Policy

An insufficient balance could result in several ways, such as: 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 assessment 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 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 have, if your eligible account is in good standing, which includes at least: a) you are not in default on any loan obligation to TSB Bank, b) you bring your account to a positive balance (not overdrawn) at least once every fifteen (15) calendar days, and c) 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 of yours nor an obligation on our part – approving your reasonable overdrafts. As an alternative, you may wish to apply for a Ready Reserve Account and pay an annual fee of $20.00 plus 18.0% interest when the credit line is used or you may initiate an automatic transfer authorization to have funds transferred from another account at the Bank to cover an overdraft. Normally, we will not approve an overdraft for you in excess of your limit including any overdraft handling charge(s). 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 have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdraft plus our overdraft or non-sufficient funds charge(s) of $20.00 per item 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/creating the item creating the overdraft, shall be jointly and severally liable for such overdraft, plus our overdraft or non-sufficient funds handling charge(s) of $20.00 per item. You may be able to access your overdraft checking limit through a teller, ATM, ACH, check, debit card purchase or online banking.

LIMITATIONS: Available to individually owned accounts in good standing for personal or household use. If the overdraft checking service is suspended on three occasions in a 12-month period, the overdraft checking service will be revoked for a period of at least six months. The fees charged for the items paid into overdraft or returned, as well as the amount of the overdraft item(s), will be subtracted from the disclosed overdraft protection dollar limit. The order in which transactions are received and processed can affect the total amount of overdraft fees incurred by a customer. TSB Bank reserves the right to limit participation to one account per household and to discontinue this product at any time with prior notice.

173 Main St N, PO Box 309 • Titonka, IA 50480-0309
Telephone 515-928-2142 • 800-920-2085
Fax 515-928-2042

101 Highway 69 N • Forest City, IA 50436-1616
Telephone 641-585-3247 • Fax 641-585-3907

155 Jackson St, PO Box 7 • Thompson, IA 50478-0007
Telephone 641-584-2275 • 866-984-2275
Fax 641-584-2575

©2001-2007 Titonka Savings Bank
08/25/2005