Merchants and Farmers Bank
Dumas, Arkansas 870-382-4311
(Non-Sufficient Funds) OVERDRAFT PRIVILEGE POLICY

It is the policy of our Bank to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.

An insufficient 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) The imposition 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 item(s) presented for payment if your account does not contain sufficient collected funds.  However, if you maintain your account in good standing, as defined;  A) Making regular deposits sufficient to cover your transactions; B) Bringing your account to a positive balance - meaning not overdrawn for more than thirty days consecutively - and; C) No legal orders outstanding on your account, we will normally honor (pay) your overdrafts up to $300, including our normal Non-Sufficient Funds (NSF) Charge(s).

Whether your overdrafts will be paid is discretionary and we reserve the right not to pay for example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts.  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) Charges(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, drawing/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) Charges(s).

Overdrawn accounts remaining in an overdraft status for 60 days may be charged-off and closed unless a re-payment arrangement has been approved and payments made as scheduled.

LIMITATIONS: Available only to consumer accounts for personal and household use (excluding Money Market accounts; customers with a loan account that has been charged off; or those accounts which an officer deems as otherwise not worthy of this privilege.  We may limit the number of accounts eligible for Overdraft Privilege to one account per household. Additionally, we reserve the right to not approve any overdrafts against your account until we can verify that your account is being maintained in good standing, as defined above.

Overdraft Privilege is automatically added to accounts upon opening.  Customers have the right to opt-out of the service by signing on the reverse side of this disclosure.

ACCOUNT FEES:  Whether we pay or return a Non-Sufficient Funds item, a handling fee of $27.00 per-item will be charged to your account as a Non-Sufficient Funds or Overdraft (NSF/OD) Charge.  The fee(s) applies to overdrafts created by check(s), in person withdrawal(s), ATM withdrawal(s), or other electronic means.

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