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OVERDRAFT DEFENDER

It's a Privilege For Our Checking Account Clients

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 United Bank of Iowa checking account clients whose accounts are in good standing.  Overdraft Defender privileges may start the moment you open your checking account.  There is absolutely no charge for this service unless you use it.

How Does It Work?

As long as you maintain your United Bank of Iowa checking account in good standing, we may, at our discretion, honor your overdrafts up to the limit assigned.

Type of Account	Limit
Personal Regular Checking	$300
Personal Interest Checking	$500
Small Business Checking	$1,500

If you use Overdraft Defender, the bank will deduct its normal overdraft charge of $24.00 per item.  We will notify you by mail when an overdraft occurs.  The notice will reflect the item(s) 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.

Transactions Covered by Overdraft Defender

Transactions which may, at our discretion, be honored under the Overdraft Defender privilege include:

• Checks and other debits cashed at teller windows
• Automatic loan payments
• ACH debit transactions (automatic payments)
• Checks issued to a third party

Overdraft Defender May Cover ATM and Debit Card Transactions

If you choose the do option when signing the ATM/Debit Card Overdraft Authorization, 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.

Going Over Your Overdraft Defender Limit

Should you write checks that put you over your Overdraft Defender limit, we may, at our discretion, return the check or checks to the payee(s).  In addition, the normal return item fee of $24.00 per item 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 or vendor 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.

Repaying Overdrafts and Fees

You will be required to bring your checking account into a positive balance within 15 calendar days of your overdraft.  If, after 15 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.

For more information, contact any United Bank of Iowa location.