ADDRESS OR NAME CHANGES-You are responsible for notifying us of any change in your address or your name Unless we agree otherwise,change of address or name must
<br /> be made in writing by at least one of the account holders Informing us of your address or name change on a check reorder form is not sufficient.We will attempt to communicate
<br /> with you only by use of the most recent address you have provided to us.If provided elsewhere,we may Impose a service fee if we attempt to locate you
<br /> RESOLVING ACCOUNT DISPUTES-We may place an administrative hold on the funds in your account(refuse payment or withdrawal of the funds)if it becomes subject to a
<br /> claim adverse to(1)your own Interest;(2)others claiming an Interest as survivors or beneficiaries of your account,or(3)a claim arising by operation of law.The hold may be placed
<br /> for such period of time as we believe reasonably necessary to allow a legal proceeding to determine the merits of the claim or until we receive evidence satisfactory to us that the
<br /> dispute has been resolved We will not be liable for any Items that are dishonored as a consequence of placing a hold on funds in your account for these reasons.
<br /> WAIVER OF NOTICES-To the extent permitted by law,you waive any notice of non-payment,dishonor or protest regarding any Items credited to or charged against your account
<br /> For example,if you deposit an Item and it is returned unpaid or we receive a notice of nonpayment,we do not have to notify you unless required by federal Regulation CC or other
<br /> law.
<br /> TERMS AND CONDITIONS OVERDRAFT ADDENDUM
<br /> Understanding and Avoiding Overdraft and Nonsufficient Funds(NSF)Fees
<br /> Generally.This Addendum is part of the Terms and Conditions of Your Account The Information in this Addendum is being provided to help you understand what happens if your
<br /> account is overdrawn Understanding the concepts of overdrafts and nonsufficient funds(NSF)is important and can help you avoid being assessed fees or charges.This section
<br /> also provides contractual terms relating to overdrafts and NSF transactions.
<br /> An overdrawn account will typically result in you being charged an overdraft fee or an NSF fee Generally,an overdraft occurs when there is not enough money in your account to
<br /> pay for a transaction, but we pay(or cover)the transaction anyway.An NSF transaction is slightly different In an NSF transaction,we do not cover the transaction. Instead,the
<br /> transaction is rejected and the item or requested payment is returned.In either situation,we can charge you a fee.If you use our Bounce Protection and we cover a transaction for
<br /> which there is not enough money in your account to pay,we will consider that an overdraft We treat all other transactions for which there is not enough money in your account as
<br /> an NSF transaction,regardless of whether we cover the transaction or the transaction is rejected.
<br /> Determining Your Account Balance.We use the ledger balance minus holds to determine whether your account is overdrawn.Your account's actual balance(sometimes called
<br /> the ledger balance)only includes transactions that have settled up to that point in time,that is,transactions(deposits and payments)that have posted to your account The actual
<br /> balance does not include outstanding transactions(such as checks that have not yet cleared and electronic transactions that have been authorized but which are still pending).The
<br /> balance on your periodic statement is the ledger balance for your account as of the statement date.
<br /> Overdrafts.You understand that we may,at our discretion,honor withdrawal requests that overdraw your account However,the fact that we may honor withdrawal requests that
<br /> overdraw the account balance does not obligate us to do so later. So you can NOT rely on us to pay overdrafts on your account regardless of how frequently or under what
<br /> circumstances we have paid overdrafts on your account in the past We can change our practice of paying,or not paying,discretionary overdrafts on your account without notice to
<br /> you. You can ask us if we have other account services that might be available to you where we commit to paying overdrafts under certain circumstances,such as an overdraft
<br /> protection line-of-credit or a plan to sweep funds from another account you have with us.You agree that we may charge fees for overdrafts We may use subsequent deposits,
<br /> including direct deposits of social security or other government benefits,to cover such overdrafts and overdraft fees.For consumer accounts,we will not charge fees for overdrafts
<br /> caused by ATM withdrawals or one-time debit card transactions if you have not opted-in to that service.
<br /> Nonsufficient Funds(NSF)Fees.If an item drafted by you(such as a check)or a transaction you set up(such as a preauthorized transfer)is presented for payment in an amount
<br /> that is more than the amount of money in your account,and we decide not to pay the item or transaction,you agree that we can charge you an NSF fee for returning the payment.
<br /> Be aware that such an item or payment may be presented multiple times and that we do not monitor or control the number of times a transaction is presented for payment.You
<br /> agree that we may charge you an NSF fee each time a payment is presented if the amount of money in your account is not sufficient to cover the payment, regardless of the
<br /> number of times the payment is presented
<br /> Payment Types. Some, but not necessarily all, of the ways you can access the funds in your account include debit card transactions, automated clearing house (ACH)
<br /> transactions,and check transactions.All these payment types can use different processing systems and some may take more or less time to post.This information is important for a
<br /> number of reasons.For example,keeping track of the checks you write and the timing of the preauthorized payments you set up will help you to know what other transactions might
<br /> still post against your account.For information about how and when we process these different payment types,see the"Payment Order of Items"section below.
<br /> Balance information.Keeping track of your balance is important You can review your balance in a number of ways including reviewing your periodic statement, reviewing your
<br /> balance online,accessing your account information by phone,reviewing your balance via mobile app or coming in to one of our branches.
<br /> Funds Availability.Knowing when funds you deposit into your checking account will be made available for withdrawal is another important concept that can help you avoid being
<br /> assessed fees or charges.Please see our funds availability disclosure for information on when different types of deposits will be made available for withdrawal.For those accounts
<br /> to which our funds availability policy disclosure does not apply,you can ask us when you make a deposit when those funds will be available for withdrawal.An item may be returned
<br /> after the funds from the deposit of that item are made available for withdrawal In that case,we will reverse the credit of the item.We may determine the amount of available funds
<br /> in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the times we receive the item and when we return the item or send a
<br /> notice in lieu of return We need only make one determination,but if we choose to make a subsequent determination,the account balance at the subsequent time will determine
<br /> whether there are insufficient available funds.
<br /> A Temporary Debit Authorization Hold Affects Your Account Balance.On debit card purchases,merchants may request a temporary hold on your account for a specified sum
<br /> of money when the merchant does not know the exact amount of the purchase at the time the card is authorized.The amount of the temporary hold may be more than the actual
<br /> amount of your purchase Some common transactions where this occurs involve purchases of gasoline,hotel rooms,or meals at restaurants When this happens,our processing
<br /> system cannot determine that the amount of the hold exceeds the actual amount of your purchase This temporary hold,and the amount charged to your account,will eventually be
<br /> adjusted to the actual amount of your purchase,but it could be three calendar days,or even longer in some cases,before the adjustment is made.Until the adjustment is made,the
<br /> amount of funds in your account available for other transactions such as debit card purchases,ATM withdrawals and check cashing will be reduced by the amount of the temporary
<br /> hold
<br /> Payment Order of Items.The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented The payment order
<br /> can affect the number of items overdrawn or returned unpaid and the amount of the fees you may have to pay.To assist you in managing your account,we are providing you with
<br /> the following information regarding how we process those items.We encourage you to make careful records and practice good account management This will help you to avoid
<br /> creating items without sufficient funds and potentially incurring the resulting fees Our policy is:
<br /> First,we process the ATM and Point of Sale Items according to the dollar amount with the smallest items being processed first.
<br /> Second,we process ACH Debits according to the dollar amount with the smallest items being processed first
<br /> Third,we process On-Us Items and Checks in numerical order
<br /> Fourth,we process checks and similar items in numerical order
<br /> TERMS AND CONDITIONS ADDENDUM
<br /> We have organized your account in a nontraditional way Your account consists of two subaccounts. One of these accounts is a transaction subaccount (e g a checking
<br /> subaccount) You will transact business on this subaccount The other is a nontransaction subaccount(e g a saving account).You cannot directly access the nontransaction
<br /> subaccount,but you agree that we may automatically,and without a specific request from you,initiate individual transfers of funds between subaccounts from time to time at no
<br /> cost to you This account organization will not change the amount of federal deposit insurance available to you, your available balance, the information on your periodic
<br /> statements, or the interest calculation, if this is an interest-bearing account You will not see a difference between the way your account operates and the way a traditionally
<br /> organized account operates,but this organization makes us more efficient and helps to keep costs down.
<br /> Independent Bank
<br /> 7777 Henneman Way
<br /> McKinney,TX 75070
<br /> ©2019 Wolters Kluwer Financial Services,Inc All rights reserved
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