HAVE YOU EVER

• Made a mistake in your checkbook?
• Forgotten to record a deposit? A purchase? A withdrawal? A check order?
• Had to "guess" at what transactions a joint owner has made?
• Had a transaction denied or turned down at checkout?
• Had the embarrassment and expense of a returned check?

We recognize that for a variety of reasons, customers occasionally overdraw their checking accounts. Rather than automatically returning unpaid any non-sufficient funds items, Nodaway Valley Bank will consider, without obligation on our part, payment of reasonable overdrafts on certain eligible personal and business accounts under our "Overdraft Privilege" service. This discretionary courtesy is generally limited to an $800 maximum overdraft on eligible personal checking accounts and $1,500 on eligible business checking accounts. Normal overdraft fees will apply to any paid items.

Frequently Asked Questions concerning Overdraft Privilege

Q. How does Overdraft Privilege save me money if the bank charges an overdraft fee?
In addition to the returned check charge assessed by the bank, most merchants assess an even higher returned check charge, creating a potentially embarrassing situation.

Q. Is Overdraft Privilege a loan?
No. Nodaway Valley Bank can allow an overdraft on your account up to your Overdraft Privilege limit as a courtesy, which may be withdrawn at any time.

Q. How do I apply for Overdraft Privilege?
There is no application for you to fill out. Overdraft privilege is a standard feature of your NVB checking account. After 30 days if your account is in good standing (per the bank’s Overdraft Privilege Policy) your account may be assigned an overdraft limit.

Q. What kind of transactions are covered by Overdraft Privilege?
Overdraft Privilege applies to checks presented on your account for payment as well as checks cashed at any Nodaway Valley Bank facility, ATM withdrawals, bill payment and debit card transactions.

Q. How will I be informed of any overdrafts on my account?
You will receive a notice in the mail when your account becomes overdrawn.

Q. How long will I have to cover the overdraft?
You should make every effort to immediately cover an overdraft. Any deposits made to an overdrawn account will first be applied to the negative balance.

Overdraft Privilege is not offered on First Step Checking Accounts.

Overdraft Privilege can mean:

• Avoiding high charges from merchants for returned checks
• Avoiding the embarrassment and inconvenience of denied purchases and dishonored checks
• Payments of your occasional and inadvertent overdrafts up to your assigned Overdraft Privilege Limit of $800 on eligible personal checking accounts and $1,500 on eligible business checking accounts will normally be considered. These limits include our customary overdraft fees. Our fees will be added to any outstanding overdrafts you may have and will be applied against your Overdraft Privilege Limit.