Have You Ever... • Made a mistake in your checkbook? • Found yourself a little short? • Had unusual or unforeseen expenses at just the wrong time? RELAX! With Overdraft Privilege Service from Foxboro Federal Savings, you can ... • Avoid high charges from merchants for returned checks. • Avoid the embarrassment of a returned check. • Have more flexibility and convenience in managing your money. Here is how it works ... • You write a check to a merchant for $250.00 • When the bank receives it, your account balance is only $200. • Without the overdraft privilege service, an insufficient fund fee would be charged to your checking account. • The check would be returned to the merchant, who will charge a return check fee to you. ($25Ð$40, or more, is average) • With the overdraft privilege service, the bank will consider payment of your check, as long as the amount needed to cover the check does not exceed the overdraft privilege service limit available ($500). • With the overdraft privilege service you pay only the overdraft fee. • There are no additional return check fees. • You save yourself the embarrassment and the hassle of having a check returned insufficient. Be smart ... Use your Overdraft Privilege Service wisely. If you are knowingly using your overdraft account for paying bills and general living expenses, that is a pretty good sign that you are in financial trouble. You may want to seek help getting back on track. The following steps can help get you out of the overdraft cycle: • Stop writing checks until you get your account in balance. • Use money orders for bill paying until the checking account is balanced. • Look at all the places you might be able to cut expenses. • Get professional help planning a budget that you can follow. Proper care of your checking account ... The importance of balancing your checking account each month cannot be overstated. Overdraft and Insufficient funds charges can get out of hand and eat up a lot of money in a short period of time if you do not balance your account. When your checking account is balanced and your checking account register is up to date, the amount you show in your register gives you the confidence of knowing you have sufficient funds available for the purchase you are about to make. Overdraft Privilege Policy (Service Description) (A Discretionary Overdraft Service) It is the policy of Foxboro Federal Savings (the bank, ÒweÓ, ÒusÓ, or Òour") to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards. A non-sufficient funds (negative) 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) Our Fees/Charges; E) The deposit of items which according to our Funds Availability Policy, are treated as not yet ÒavailableÓ 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 returning, unpaid, any non-sufficient funds items that you may have, if your eligible personal account has been open at least thirty (30) days or eligible commercial account has been open at least ninety (90) days and thereafter you maintain your account in good standing, which includes at least: (A) Continuing to make deposits consistent with your past practices, (B) You are not in default on any loan obligation to us. (C) You bring your account to a positive balance (not overdrawn) at least once every thirty (30) days, and (D) Your account is not the subject of any legal or administrative order or levy, we will consider, without obligation on our part, approving your reasonable overdrafts; as a purely discretionary overdraft ÒprivilegeÓ or ÒcourtesyÓ. This discretionary service will generally be limited to a $500 overdraft (negative) balance for eligible Checking accounts (subject to approval). Of course, any and all fees and charges, including without limitation our non-sufficient funds/overdraft fees (as set forth in our fee schedules) will be included in this limit and will apply to any transaction that may overdraw your account (see ÒELIGIBLE ACCOUNT AND TRANSACTION TYPESÓ). We may refuse to pay an overdraft for you at any time, even if 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 and/or Overdraft (NSF/OD) 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 card, each owner, and agent if applicable, presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s). LIMITATIONS: Savings Type Accounts, Money Market Accounts, Public Fund / Charitable Organization Accounts, Student Minor Accounts, and Other Minor Accounts (not of legal age) are not eligible. We may limit the number of accounts eligible for Overdraft Privilege Service to one account per household and/or one account per taxpayer ID. ELIGIBLE ACCOUNT TYPES: The account types that are eligible for the Overdraft Privilege Service are Personal Checking and Commercial Checking. ELIGIBLE TRANSACTION TYPES: Each transaction/item initiated for payment against your checking account(s) may be processed by us using your assigned Overdraft Privilege Service limit, including without limitation: Checks, ACH, Electronic Items, our ATMs, foreign ATMs / Debit Card / Check Card and Internet/Online Banking (bill payment) transactions. OPTIONAL OVERDRAFT PROTECTION SERVICES: you may apply for overdraft protection from an established line of credit account and/or funds transfer from a designated asset account. If you qualify for these services, you may save money on the fees/charges you pay us for overdraft protection. CUSTOMER OPT-OUT: You may choose at any time to not participate in our Overdraft Privilege Service by notifying one of our customer service representatives. IF YOU NEED HELP: Of course, overdrafts should never be used to finance ordinary or routine expenses - and you should not rely on overdrafts to cover these expenses. If at any time you feel you need help with your financial obligations please contact a customer service representative at (508) 543-5321. ALWAYS A DISCRETIONARY SERVICE: Our Overdraft Privilege Service does not constitute an actual or implied agreement between you and us. Nor does it constitute an actual or implied obligation of ours or by us. This service represents a purely discretionary privilege or courtesy that we may provide to you from time to time and which may be withdrawn or withheld by us at any time; without prior notice or reason or cause.