TRUTH IN SAVINGS DISCLOSURE

Transcription

1 Page 1 of 2 Account Type: Account #: Date: Best Money Market Minimum Baance Requirements A minimum deposit of $20 is required to open account Additiona Fees 200 St. Chares Ave., New Oreans, LA TRUTH IN SAVINGS DISCLOSURE This discosure contains the rues which govern your deposit account. Uness it woud be inconsistent to do so, words and phrases used in this discosure shoud be construed so that the singuar incudes the pura and the pura incudes the singuar. We reserve the right to at any time require not ess than seven (7) days notice in writing before any withdrawa from an interest bearing account. Service Charge A $10.00 monthy service cyce charge. Monthy Service Cyce Charge wi be waived if one of the foowing is met: Average month to date baance of $5,000 OR Average month to date baance of $25,000 or greater in quaifying deposits (See Additiona Terms for quaifying accounts) Monthy Paper Statement fee of $4.85. Monthy paper statement fee waived if one of the foowing is met: Average month to date baance of $5,000 or greater OR Average month to date baance of $25,000 or greater in quaifying deposits (See Additiona Terms for quaifying accounts) OR If the primary account hoder decides to cance their estatement at any time or we have reason to beieve that they are not receiving their estatement or enotification, a $4.85 monthy paper statement fee wi be assessed uness the average month to date baance of $5,000 or greater OR average month to date baance of $25,000 or greater in quaifying deposits appies. The primary account hoder must maintain an active internet banking account and current, active emai address. (See Guf Coast Bank and Trust Co. Internet Banking and esign Discosure) *A fee of $10.00 per imited transaction* in excess of six (6) per month wi be assessed. See Notice of Discosure for Services and Fees for a ist of additiona fees that may appy. Variabe Rate The interest rate and annua percentage yied for your account depend upon the appicabe rate tier. The interest rate and annua percentage yied for these tiers may change. The inita interest rate and annua percentage yied for your account is tiered and is determined by the rate tier that your initia deposit fas into on the date your account is opened. Account Interest Rate Tiers Baance Tier Interest Rate Annua Percentage Yied (APY) $ 1,000, and greater 1.00% 1.00% $ 250, $999, % 0.75% $ 100, $249, % 0.50% $ $99, % 0.25% Account is set up for estatements The interest rate and annua percentage yied stated above are accurate as of the date printed above. If you woud ike more current rate and yied information pease ca us at one of the numbers isted above. Fees may reduce earnings. MMTIS-1 REV 12/17

2 Page 2 of 2 Frequency of Rate Change At our discretion, we may change the interest rate on your account at any time. Accrua of Interest on Noncash Deposits Interest wi begin to accrue the next business day foowing the day of your opening deposit. Compounding, Crediting and Baance Computation Interest is compounded monthy. Interest wi be credited at the end of each statement cyce. There is no minimum baance required to earn interest. If you cose your account before interest is credited, you wi not receive the accrued interest. We use the daiy baance method to cacuate the interest on your account. This method appies a daiy periodic rate to the principa in the account each day. The daiy periodic rate may vary. The period we use is days in statement cyce. Additiona Terms You wi receive a monthy periodic statement. If the primary account hoder has enroed in estatements, they wi receive an emai notification when the statement is ready for viewing at (see Guf Coast Bank & Trust Co. Internet Banking and esign Discosure). Images of processed items are avaiabe onine. Active internet banking account and emai address is required at a times. If the primary account hoder is not activey enroed in estatements at any time, for any reason, they wi receive a monthy paper statement maied to their address of record. (See Additiona Fees on Page 1)** Your account wi be paced in Dormant Status after 12 months of Inactivity. Once an account reaches Dormant account status, you wi no onger receive periodic statements and/or estatement notifications. Check printing fees may appy - prices wi vary. Quaifying deposits incudes a persona or business checking, savings or certificates of deposits that are directy inked to this account. Transaction Limitations *During any month you may not make more than six (6) withdrawas or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or teephone order or instruction, computer transfer, or by check, draft, debit card or simiar third party. MMTIS-2 REV 12/17

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4 Terms and Conditions of Your Account Contents: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Important Information about Procedures for Opening a New Account Agreement Liabiity Deposits Withdraw as Generay Postdated Checks Checks and Withdraw a Rues A Temporary Debit Authorization Hod Affects Your Account Baance Overdrafts Mutipe Signatures, Eectronic Check Conversion, and Simiar Transactions Notice of Withdrawa Ow nership of Account and Beneficiary Designation Individua Account Joint Account Revocabe Trust or Pay-On-Death Account Business, Organization, and Association Accounts Stop Payments Teephone Transfers Amendments and Termination Notices Statements Your Duty to Report Unauthorized Signatures, Aterations, and Forgeries Your Duty to Report Other Errors Errors Reating to Eectronic Fund Transfers or Substitute Checks (1) Important Information about Procedures for Opening a New Account. To hep the government fight the funding of terrorism and money aundering activities, federa aw requires a financia institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we wi ask for your name, address, date of birth, and other information that wi aow us to identify you. We may aso ask to see your driver' s icense or other identifying documents. (2) Agreement. This document, aong with any other documents we give you pertaining to your account(s), is a contract that estabishes rues which contro your account(s) with us. Pease read this carefuy and retain it for future reference. If you sign the signature card or open or continue (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) Direct Deposits Temporary Account Agreement Setoff Check Processing Check Cashing Truncation, Substitute Checks, and Other Check Images Remotey Created Checks Unawfu Internet Gambing Notice ACH and Wire Transfers Facsimie Signatures Authorized Signer Restrictive Legends or Indorsements Account Transfer Indorsements Death or Incompetence Fiduciary Accounts Credit Verification Lega Actions Affecting Your Account Security Teephonic Instructions Monitoring and Recording Teephone Cas and Consent to Receive Communications Caim of Loss Eary Withdraw a Penaties Address or Name Changes Resoving Account Disputes Waiver of Notices Additiona Terms to use the account, you agree to these rues. You wi receive a separate schedue of rates, quaifying baances, and fees if they are not incuded in this document. If you have any questions, pease ca us. This agreement is subject to appicabe federa aws, the aws of the state of Louisiana and other appicabe rues such as the operating etters of the Federa Reserve Banks and payment processing system rues (except to the extent that this agreement can and does vary such rues or aws). The body of state and federa aw that governs our reationship with you, however, is too arge and compex to be reproduced here. The purpose of this document is to: 1. summarize some aws that appy to common transactions; 2. estabish rues to cover transactions or events which the aw does not reguate; Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 1 of 10

5 3. estabish rues for certain transactions or events which the aw reguates but permits variation by agreement; and 4. give you discosures of some of our poicies to which you may be entited or in which you may be interested. If any provision of this document is found to be unenforceabe according to its terms, a remaining provisions wi continue in fu force and effect. We may permit some variations from our standard agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document. Nothing in this document is intended to vary our duty to act in good faith and with ordinary care when required by aw. As used in this document the words "we," "our," and "us" mean the financia institution and the words "you" and "your" mean the account hoder(s) and anyone ese with the authority to deposit, withdraw, or exercise contro over the funds in the account. However, this agreement does not intend, and the terms "you" and "your" shoud not be interpreted, to expand an individua' s responsibiity for an organization' s iabiity. If this account is owned by a corporation, partnership or other organization, individua iabiity is determined by the aws generay appicabe to that type of organization. The headings in this document are for convenience or reference ony and wi not govern the interpretation of the provisions. Uness it woud be inconsistent to do so, words and phrases used in this document shoud be construed so the singuar incudes the pura and the pura incudes the singuar. "Party" means a person who, by the terms of an account, has a present right, subject to request, to payment from the account other than as a beneficiary or agent. (3) Liabiity. You agree, for yoursef (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedue of charges. You authorize us to deduct these charges, without notice to you, directy from the account baance as accrued. You wi pay any additiona reasonabe charges for services you request which are not covered by this agreement. Each of you aso agrees to be jointy and severay (in soido) iabe for any account shortage resuting from charges or overdrafts, whether caused by you or another with access to this account. This iabiity is due immediatey, and can be deducted directy from the account baance whenever sufficient funds are avaiabe. You have no right to defer payment of this iabiity, and you are iabe regardess of whether you signed the item or benefited from the charge or overdraft. You wi be iabe for our costs as we as for our reasonabe attorneys' fees, to the extent permitted by aw, whether incurred as a resut of coection or in any other dispute invoving your account. This incudes, but is not imited to, disputes between you and another joint owner; you and an authorized signer or simiar party; or a third party caiming an interest in your account. This aso incudes any action that you or a third party takes regarding the account that causes us, in good faith, to seek the advice of an attorney, whether or not we become invoved in the dispute. A costs and attorneys' fees can be deducted from your account when they are incurred, without notice to you. (4) Deposits. We wi give ony provisiona credit unti coection is fina for any items, other than cash, we accept for deposit (incuding items drawn "on us"). Before settement of any item becomes fina, we act ony as your agent, regardess of the form of indorsement or ack of indorsement on the item and even though we provide you provisiona credit for the item. We may reverse any provisiona credit for items that are ost, stoen, or returned. Uness prohibited by aw, we aso reserve the right to charge back to your account the amount of any item deposited to your account or cashed for you which was initiay paid by the payor bank and which is ater returned to us due to an aegedy forged, unauthorized or missing indorsement, caim of ateration, encoding error or other probem which in our judgment justifies reversa of credit. You authorize us to attempt to coect previousy returned items without giving you notice, and in attempting to coect we may permit the payor bank to hod an item beyond the midnight deadine. Actua credit for deposits of, or payabe in, foreign currency wi be at the exchange rate in effect on fina coection in U. S. doars. We are not responsibe for transactions by mai or outside depository unti we actuay record them. We wi treat and record a transactions received after our "daiy cutoff time" on a business day we are open, or received on a day we are not open for business, as if initiated on the next business day that we are open. At our option, we may take an item for coection rather than for deposit. If we accept a third-party check for deposit, we may require any third-party indorsers to verify or guarantee their indorsements, or indorse in our presence. (5) Withdrawas. Generay. Uness ceary indicated otherwise on the account records, any of you, acting aone, who signs to open the account or has authority to make withdrawas may withdraw or transfer a or any part of the account baance at any time. Each of you (unti we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawas to indorse any item payabe to you or your order for deposit to this account or any other transaction with us. Postdated Checks. A postdated check is one which bears a date ater than the date on which the check is written. We may propery pay and charge your account for a postdated check even though payment was made before the date of the check, uness we have received written notice of the postdating in time to have a reasonabe opportunity to act. Because we process checks mechanicay, your notice wi not be effective and we wi not be iabe for faiing to honor your notice uness it Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 2 of 10

6 precisey identifies the number, date, amount and payee of the item. Checks and Withdraw a Rues. If you do not purchase your check banks from us, you must be certain that we approve the check banks you purchase. We may refuse any withdrawa or transfer request which you attempt on forms not approved by us or by any method we do not specificay permit. We may refuse any withdrawa or transfer request which is greater in number than the frequency permitted, or which is for an amount greater or ess than any withdrawa imitations. We wi use the date the transaction is competed by us (as opposed to the date you initiate it) to appy the frequency imitations. In addition, we may pace imitations on the account unti your identity is verified. Even if we honor a nonconforming request, we are not required to do so ater. If you vioate the stated transaction imitations (if any), in our discretion we may cose your account or recassify it as a transaction account. If we recassify your account, your account wi be subject to the fees and earnings rues of the new account cassification. If we are presented with an item drawn against your account that woud be a "substitute check," as defined by aw, but for an error or defect in the item introduced in the substitute check creation process, you agree that we may pay such item. See the funds avaiabiity poicy discosure for information about when you can withdraw funds you deposit. For those accounts to which our funds avaiabiity poicy discosure does not appy, you can ask us when you make a deposit when those funds wi be avaiabe for withdrawa. An item may be returned after the funds from the deposit of that item are made avaiabe for withdrawa. In that case, we wi reverse the credit of the item. We may determine the amount of avaiabe funds in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the time we receive the item and when we return the item or send a notice in ieu of return. We need ony make one determination, but if we choose to make a subsequent determination, the account baance at the subsequent time wi determine whether there are insufficient avaiabe funds. A Temporary Debit Authorization Hod Affects Your Account Baance. On debit card purchases, merchants may request a temporary hod on your account for a specified sum of money, which may be more than the actua amount of your purchase. When this happens, our processing system cannot determine that the amount of the hod exceeds the actua amount of your purchase. This temporary hod, and the amount charged to your account, wi eventuay be adjusted to the actua amount of your purchase, but it may be up to three days before the adjustment is made. Unti the adjustment is made, the amount of funds in your account avaiabe for other transactions wi be reduced by the amount of the temporary hod. If another transaction is presented for payment in an amount greater than the funds eft after the deduction of the temporary hod amount, that transaction wi be a nonsufficient funds (NSF) transaction if we do not pay it or an overdraft transaction if we do pay it. You wi be charged an NSF or overdraft fee according to our NSF or overdraft fee poicy. You wi be charged the fee even if you woud have had sufficient funds in your account if the amount of the hod had been equa to the amount of your purchase. Here is an exampe of how this can occur - assume for this exampe the foowing: (1) you have opted-in to our overdraft services for the payment of overdrafts on ATM and everyday debit card transactions, (2) we pay the overdraft, and (3) our overdraft fee is $35 per overdraft, but we do not charge the overdraft fee if the transaction overdraws the account by ess than $10. You have $120 in your account. You swipe your card at the card reader on a gasoine pump. Since it is uncear what the fina bi wi be, the gas station' s processing system immediatey requests a hod on your account in a specified amount, for exampe, $80. Our processing system authorizes a temporary hod on your account in the amount of $80, and the gas station' s processing system authorizes you to begin pumping gas. You fi your tank and the amount of gasoine you purchased is ony $50. Our processing system shows that you have $40 in your account avaiabe for other transactions ($120 - $80 = $40) even though you woud have $70 in your account avaiabe for other transactions if the amount of the temporary hod was equa to the amount of your purchase ($120 - $50 = $70). Later, another transaction you have authorized is presented for payment from your account in the amount of $60 (this coud be a check you have written, another debit card transaction, an ACH debit or any other kind of payment request). This other transaction is presented before the amount of the temporary hod is adjusted to the amount of your purchase (remember, it may take up to three days for the adjustment to be made). Because the amount of this other transaction is greater than the amount our processing system shows is avaiabe in your account, our payment of this transaction wi resut in an overdraft transaction. Because the transaction overdraws your account by $20, your account wi be assessed the overdraft fee of $35 according to our overdraft fee poicy. You wi be charged this $35 fee according to our poicy even though you woud have had enough money in your account to cover the $60 transaction if your account had ony been debited the amount of your purchase rather than the amount of the temporary hod or if the temporary hod had aready been adjusted to the actua amount of your purchase. Overdrafts. You understand that we may, at our discretion, honor withdrawa requests that overdraw your account. However, the fact that we may honor Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 3 of 10

7 withdrawa requests that overdraw the account baance does not obigate us to do so ater. So you can NOT rey on us to pay overdrafts on your account regardess of how frequenty or under what circumstances we have paid overdrafts on your account in the past. We can change our practice of paying overdrafts on your account without notice to you. You can ask us if we have other account services that might be avaiabe to you where we commit to paying overdrafts under certain circumstances, such as an overdraft protection ine-of-credit or a pan to sweep funds from another account you have with us. You agree that we may charge fees for overdrafts. For consumer accounts, we wi not charge fees for overdrafts caused by ATM withdrawas or one-time debit card transactions if you have not opted-in to that service. We may use subsequent deposits, incuding direct deposits of socia security or other government benefits, to cover such overdrafts and overdraft fees. M utipe Signatures, Eectronic Check Conversion, and Simiar Transactions. An eectronic check conversion transaction is a transaction where a check or simiar item is converted into an eectronic fund transfer as defined in the Eectronic Fund Transfers reguation. In these types of transactions the check or simiar item is either removed from circuation (truncated) or given back to you. As a resut, we have no opportunity to review the check to examine the signatures on the item. You agree that, as to these or any items as to which we have no opportunity to examine the signatures, you waive any requirement of mutipe signatures. Notice of Withdraw a. We reserve the right to require not ess than 7 days' notice in writing before each withdrawa from an interest-bearing account other than a time deposit or demand deposit, or from any other savings account as defined by Reguation D. (The aw requires us to reserve this right, but it is not our genera poicy to use it.) Withdrawas from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaty. See your notice of penaty for eary withdrawa. (6) Ow nership of Account and Beneficiary Designation. These rues appy to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. Individua Account. This is an account in the name of one person. Joint Account. This is an account in the names of two or more persons. Any one of such persons, acting aone, has compete access to the account. Upon the death of any party to such account, we are permitted to pay the account baance to the surviving parties, but this authority protects us ony. The surviving joint parties may be iabe to the heirs, egatees, or creditors of the deceased party to the extent the funds withdrawn by the survivors were owed to the deceased. If any party to a joint account sends notice to us to prevent withdrawas from the account by another party or parties, we may require the party to withdraw the baance and cose the account or we may refuse to aow any further withdrawas from the account except upon the written consent of a parties to it. The remedy we choose is entirey at our discretion. Revocabe Trust or Pay-on-Death Account. If two or more of you create such an account, you own the account jointy and the respective interests of each of you sha be deemed equa, uness otherwise stated in our account records. Beneficiaries acquire the right to withdraw ony if: (1) a persons creating the account die, and (2) the beneficiary is then iving. If two or more beneficiaries are named and survive the death of a persons creating the account, such beneficiaries wi own this account in equa shares, uness otherwise stated in our account records. The person(s) creating either of these account types reserves the right to: (1) change beneficiaries, (2) change account types, and (3) withdraw a or part of the account funds at any time. (7) Business, Organization, and Association Accounts. Earnings in the form of interest, dividends, or credits wi be paid ony on coected funds, uness otherwise provided by aw or our poicy. You represent that you have the authority to open and conduct business on this account on behaf of the entity. We may require the governing body of the entity opening the account to give us a separate authorization teing us who is authorized to act on its behaf. We wi honor the authorization unti we actuay receive written notice of a change from the governing body of the entity. (8) Stop Payments. Uness otherwise provided, the rues in this section cover stopping payment of items such as checks and drafts. Rues for stopping payment of other types of transfers of funds, such as consumer eectronic fund transfers, may be estabished by aw or our poicy. If we have not discosed these rues to you esewhere, you may ask us about those rues. We may accept an order to stop payment on any item from any one of you. You must make any stop-payment order in the manner required by aw and we must receive it in time to give us a reasonabe opportunity to act on it before our stop-payment cutoff time. Because stop-payment orders are handed by computers, to be effective, your stop-payment order must precisey identify the number, date, and amount of the item, and the payee. You may stop payment on any item drawn on your account whether you sign the item or not. Generay, if your stop-payment order is given to us in writing it is effective for six months. Your order wi apse after that time if you do not renew the order in writing before the end of the six-month period. If the origina stop-payment order was Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 4 of 10

8 ora your stop-payment order wi apse after 14 caendar days if you do not confirm your order in writing within that time period. We are not obigated to notify you when a stop-payment order expires. A reease of the stop-payment request may be made ony by the person who initiated the stop-payment order. If you stop payment on an item and we incur any damages or expenses because of the stop payment, you agree to indemnify us for those damages or expenses, incuding attorneys' fees. You assign to us a rights against the payee or any other hoder of the item. You agree to cooperate with us in any ega actions that we may take against such persons. You shoud be aware that anyone hoding the item may be entited to enforce payment against you despite the stop-payment order. Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additiona imitations on our obigation to stop payment are provided by aw (e.g., we paid the item in cash or we certified the item). (9) Teephone Transfers. A teephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generay appicabe to withdrawas made in writing. Uness a different imitation is discosed in writing, we restrict the number of transfers from a savings account to another account or to third parties, to a maximum of six per month (ess the number of "preauthorized transfers" during the month). Other account transfer restrictions may be described esewhere. (10) Amendments and Termination. We may change any term of this agreement. Rues governing changes in interest rates are provided separatey in the Truth-in- Savings discosure or in another document. For other changes, we wi give you reasonabe notice in writing or by any other method permitted by aw. We may aso cose this account at any time upon reasonabe notice to you and tender of the account baance personay or by mai. Items presented for payment after the account is cosed may be dishonored. When you cose your account, you are responsibe for eaving enough money in the account to cover any outstanding items to be paid from the account. Reasonabe notice depends on the circumstances, and in some cases such as when we cannot verify your identity or we suspect fraud, it might be reasonabe for us to give you notice after the change or account cosure becomes effective. For instance, if we suspect frauduent activity with respect to your account, we might immediatey freeze or cose your account and then give you notice. If we have notified you of a change in any term of your account and you continue to have your account after the effective date of the change, you have agreed to the new term(s). (11) Notices. Any written notice you give us is effective when we actuay receive it, and it must be given to us according to the specific deivery instructions provided esewhere, if any. We must receive it in time to have a reasonabe opportunity to act on it. If the notice is regarding a check or other item, you must give us sufficient information to be abe to identify the check or item, incuding the precise check or item number, amount, date and payee. Written notice we give you is effective when it is deposited in the United States Mai with proper postage and addressed to your maiing address we have on fie. Notice to any of you is notice to a of you. (12) Statements. Your Duty to Report Unauthorized Signatures, Aterations, and Forgeries. You must examine your statement of account with "reasonabe promptness." If you discover (or reasonaby shoud have discovered) any unauthorized signatures or aterations, you must prompty notify us of the reevant facts. As between you and us, if you fai to do either of these duties, you wi have to either share the oss with us, or bear the oss entirey yoursef (depending on whether we used ordinary care and, if not, whether we substantiay contributed to the oss). The oss coud be not ony with respect to items on the statement but other items with unauthorized signatures or aterations by the same wrongdoer. You agree that the time you have to examine your statement and report to us wi depend on the circumstances, but wi not, in any circumstance, exceed a tota of 30 days from when the statement is first sent or made avaiabe to you. You further agree that if you fai to report any unauthorized signatures, aterations or forgeries in your account within 60 days of when we first send or make the statement avaiabe, you cannot assert a caim against us on any items in that statement, and as between you and us the oss wi be entirey yours. This 60-day imitation is without regard to whether we used ordinary care. The imitation in this paragraph is in addition to that contained in the first paragraph of this section. Your Duty to Report Other Errors. In addition to your duty to review your statements for unauthorized signatures, aterations and forgeries, you agree to examine your statement with reasonabe promptness for any other error - such as an encoding error. In addition, if you receive or we make avaiabe either your items or images of your items, you must examine them for any unauthorized or missing indorsements or any other probems. You agree that the time you have to examine your statement and items and report to us wi depend on the circumstances. However, this time period sha not exceed 60 days. Faiure to examine your statement and items and report any errors to us within 60 days of when we first send or make the statement avaiabe precudes you from asserting a caim against us for any errors on items identified in that statement and as between you and us the oss wi be entirey yours. Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 5 of 10

9 Errors Reating to Eectronic Fund Transfers or Substitute Checks (For consumer accounts ony). For information on errors reating to eectronic fund transfers (e.g., computer, debit card or ATM transactions) refer to your Eectronic Fund Transfers discosure and the sections on consumer iabiity and error resoution. For information on errors reating to a substitute check you received, refer to your discosure entited Substitute Checks and Your Rights. (13) Direct Deposits. If we are required for any reason to reimburse the federa government for a or any portion of a benefit payment that was directy deposited into your account, you authorize us to deduct the amount of our iabiity to the federa government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by aw. We may aso use any other ega remedy to recover the amount of our iabiity. (14) Temporary Account Agreement. If the account documentation indicates that this is a temporary account agreement, each person who signs to open the account or has authority to make withdrawas (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if you fai to compy with the requirements we have imposed within a reasonabe time. (15) Setoff. We may (without prior notice and when permitted by aw) set off the funds in this account against any due and payabe debt any of you owe us now or in the future. If this account is owned by one or more of you as individuas, we may set off any funds in the account against a due and payabe debt a partnership owes us now or in the future, to the extent of your iabiity as a partner for the partnership debt. If your debt arises from a promissory note, then the amount of the due and payabe debt wi be the fu amount we have demanded, as entited under the terms of the note, and this amount may incude any portion of the baance for which we have propery acceerated the due date. This right of setoff does not appy to this account if prohibited by aw. For exampe, the right of setoff does not appy to this account if: (a) it is an Individua Retirement Account or simiar tax-deferred account, or (b) the debt is created by a consumer credit transaction under a credit card pan (but this does not affect our rights under any consensua security interest), or (c) the debtor' s right of withdrawa ony arises in a representative capacity, or (d) setoff is prohibited by the Miitary Lending Act or its impementing reguations. We wi not be iabe for the dishonor of any check when the dishonor occurs because we set off a debt against this account. You agree to hod us harmess from any caim arising as a resut of our exercise of our right of setoff. (16) Check Processing. We process items mechanicay by reying soey on the information encoded in magnetic ink aong the bottom of the items. This means that we do not individuay examine a of your items to determine if the item is propery competed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have exercised ordinary care if our automated processing is consistent with genera banking practice, even though we do not inspect each item. Because we do not inspect each item, if you write a check to mutipe payees, we can propery pay the check regardess of the number of indorsements uness you notify us in writing that the check requires mutipe indorsements. We must receive the notice in time for us to have a reasonabe opportunity to act on it, and you must te us the precise date of the check, amount, check number and payee. We are not responsibe for any unauthorized signature or ateration that woud not be identified by a reasonabe inspection of the item. Using an automated process heps us keep costs down for you and a account hoders. (17) Check Cashing. We may charge a fee for anyone that does not have an account with us who is cashing a check, draft or other instrument written on your account. We may aso require reasonabe identification to cash such a check, draft or other instrument. We can decide what identification is reasonabe under the circumstances and such identification may be documentary or physica and may incude coecting a thumbprint or fingerprint. (18) Truncation, Substitute Checks, and Other Check Images. If you truncate an origina check and create a substitute check, or other paper or eectronic image of the origina check, you warrant that no one wi be asked to make payment on the origina check, a substitute check or any other eectronic or paper image, if the payment obigation reating to the origina check has aready been paid. You aso warrant that any substitute check you create conforms to the ega requirements and generay accepted specifications for substitute checks. You agree to retain the origina check in conformance with our interna poicy for retaining origina checks. You agree to indemnify us for any oss we may incur as a resut of any truncated check transaction you initiate. We can refuse to accept substitute checks that have not previousy been warranted by a bank or other financia institution in conformance with the Check 21 Act. Uness specificay stated in a separate agreement between you and us, we do not have to accept any other eectronic or paper image of an origina check. (19) Remotey Created Checks. Like any standard check or draft, a remotey created check (sometimes caed a teecheck, preauthorized draft or demand draft) is a check or draft that can be used to withdraw money from an account. Unike a typica check or draft, however, a remotey created check is not issued by the paying bank and does not contain the signature of the account owner (or a signature purported to be the signature of the account owner). In pace of a signature, the check usuay has a statement that the owner authorized the check or has the owner' s name typed or printed on the signature ine. Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 6 of 10

10 You warrant and agree to the foowing for every remotey created check we receive from you for deposit or coection: (1) you have received express and verifiabe authorization to create the check in the amount and to the payee that appears on the check; (2) you wi maintain proof of the authorization for at east 2 years from the date of the authorization, and suppy us the proof if we ask; and (3) if a check is returned you owe us the amount of the check, regardess of when the check is returned. We may take funds from your account to pay the amount you owe us, and if there are insufficient funds in your account, you sti owe us the remaining baance. (20) Unaw fu Internet Gambing Notice. Restricted transactions as defined in Federa Reserve Reguation GG are prohibited from being processed through this account or reationship. Restricted transactions generay incude, but are not imited to, those in which credit, eectronic fund transfers, checks, or drafts are knowingy accepted by gambing businesses in connection with the participation by others in unawfu Internet gambing. (21) ACH and W ire Transfers. This agreement is subject to Artice 4A of the Uniform Commercia Code - Fund Transfers as adopted in the state in which you have your account with us. If you originate a fund transfer and you identify by name and number a beneficiary financia institution, an intermediary financia institution or a beneficiary, we and every receiving or beneficiary financia institution may rey on the identifying number to make payment. We may rey on the number even if it identifies a financia institution, person or account other than the one named. You agree to be bound by automated cearing house association rues. These rues provide, among other things, that payments made to you, or originated by you, are provisiona unti fina settement is made through a Federa Reserve Bank or payment is otherwise made as provided in Artice 4A-403(a) of the Uniform Commercia Code. If we do not receive such payment, we are entited to a refund from you in the amount credited to your account and the party originating such payment wi not be considered to have paid the amount so credited. Credit entries may be made by ACH. If we receive a payment order to credit an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit. (22) Facsimie Signatures. Uness you make advance arrangements with us, we have no obigation to honor facsimie signatures on your checks or other orders. If we do agree to honor items containing facsimie signatures, you authorize us, at any time, to charge you for a checks, drafts, or other orders, for the payment of money, that are drawn on us. You give us this authority regardess of by whom or by what means the facsimie signature(s) may have been affixed so ong as they resembe the facsimie signature specimen fied with us, and contain the required number of signatures for this purpose. You must notify us at once if you suspect that your facsimie signature is being or has been misused. (23) Authorized Signer (Agent) (Individua Accounts ony). A singe individua is the owner. The authorized signer (hereinafter "agent") is merey designated to conduct transactions on the owner' s behaf. The owner does not give up any rights to act on the account, and the agent may not in any manner affect the rights of the owner or beneficiaries, if any, other than by withdrawing funds from the account. The owner is responsibe for any transactions of the agent. We undertake no obigation to monitor transactions to determine that they are on the owner' s behaf. The owner may terminate the agency at any time, and the agency is automaticay terminated by the death of the owner. However, we may continue to honor the transactions of the agent unti: (a) we have received written notice or have actua knowedge of the termination of the agency, and (b) we have a reasonabe opportunity to act on that notice or knowedge. We may refuse to accept an agent. (24) Restrictive Legends or Indorsements. The automated processing of the arge voume of checks we receive prevents us from inspecting or ooking for restrictive egends, restrictive indorsements or other specia instructions on every check. Exampes of restrictive egends paced on checks are "must be presented within 90 days" or "not vaid for more than $1, " The payee' s signature accompanied by the words "for deposit ony" is an exampe of a restrictive indorsement. For this reason, we are not required to honor any restrictive egend or indorsement or other specia instruction paced on checks you write uness we have agreed in writing to the restriction or instruction. Uness we have agreed in writing, we are not responsibe for any osses, caims, damages, or expenses that resut from your pacement of these restrictions or instructions on your checks. (25) Account Transfer. This account may not be transferred or assigned without our prior written consent. (26) Indorsements. We may accept for deposit any item payabe to you or your order, even if they are not indorsed by you. We may give cash back to any one of you. We may suppy any missing indorsement(s) for any item we accept for deposit or coection, and you warrant that a indorsements are genuine. To ensure that your check or share draft is processed without deay, you must indorse it (sign it on the back) in a specific area. Your entire indorsement (whether a signature or a stamp) aong with any other indorsement information (e. g., additiona indorsements, ID information, driver' s icense number, etc.) must fa within 1 1/2" of the "traiing edge" of a check. Indorsements must be made in bue or back ink, so that they are readabe by automated check processing equipment. As you ook at the front of a check, the "traiing edge" is the eft edge. When you fip the check over, be sure to keep a indorsement information within 1 1/2" of that edge. Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 7 of 10

11 It is important that you confine the indorsement information to this area since the remaining bank space wi be used by others in the processing of the check to pace additiona needed indorsements and information. You agree that you wi indemnify, defend, and hod us harmess for any oss, iabiity, damage or expense that occurs because your indorsement, another indorsement, or information you have printed on the back of the check obscures our indorsement. These indorsement guideines appy to both persona and business checks. (27) Death or Incompetence. You agree to notify us prompty if any person with a right to withdraw funds from your account(s) dies or is adjudicated (determined by the appropriate officia) incompetent. We may continue to honor your checks, items, and instructions unti: (a) we know of your death or adjudication of incompetence, and (b) we have had a reasonabe opportunity to act on that knowedge. You agree that we may pay or certify checks drawn on or before the date of death or adjudication of incompetence for up to ten (10) days after your death or adjudication of incompetence uness ordered to stop payment by someone caiming an interest in the account. (28) Fiduciary Accounts. Accounts may be opened by a person acting in a fiduciary capacity. A fiduciary is someone who is appointed to act on behaf of and for the benefit of another. We are not responsibe for the actions of a fiduciary, incuding the misuse of funds. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement, or as executors, administrators, or conservators under court orders. You understand that by merey opening such an account, we are not acting in the capacity of a trustee in connection with the trust nor do we undertake any obigation to monitor or enforce the terms of the trust or etters. (29) Credit Verification. You agree that we may verify credit and empoyment history by any necessary means, incuding preparation of a credit report by a credit reporting agency. (30) Lega Actions Affecting Your Account. If we are served with a subpoena, restraining order, writ of attachment or execution, evy, garnishment, search warrant, or simiar order reating to your account (termed "ega action" in this section), we wi compy with that ega action. Or, in our discretion, we may freeze the assets in the account and not aow any payments out of the account unti a fina court determination regarding the ega action. We may do these things even if the ega action invoves ess than a of you. In these cases, we wi not have any iabiity to you if there are insufficient funds to pay your items because we have withdrawn funds from your account or in any way restricted access to your funds in accordance with the ega action. Any fees or expenses we incur in responding to any ega action (incuding, without imitation, attorneys' fees and our interna expenses) may be charged against your account. The ist of fees appicabe to your account(s) provided esewhere may specify additiona fees that we may charge for certain ega actions. (31) Security. It is your responsibiity to protect the account numbers and eectronic access devices (e. g., an ATM card) we provide you for your account(s). Do not discuss, compare, or share information about your account number(s) with anyone uness you are wiing to give them fu use of your money. An account number can be used by thieves to issue an eectronic debit or to encode your number on a fase demand draft which ooks ike and functions ike an authorized check. If you furnish your access device and grant actua authority to make transfers to another person (a famiy member or coworker, for exampe) who then exceeds that authority, you are iabe for the transfers uness we have been notified that transfers by that person are no onger authorized. Your account number can aso be used to eectronicay remove money from your account, and payment can be made from your account even though you did not contact us directy and order the payment. You must aso take precaution in safeguarding your bank checks. Notify us at once if you beieve your checks have been ost or stoen. As between you and us, if you are negigent in safeguarding your checks, you must bear the oss entirey yoursef or share the oss with us (we may have to share some of the oss if we faied to use ordinary care and if we substantiay contributed to the oss). Except for consumer eectronic funds transfers subject to Reguation E, you agree that if we offer you services appropriate for your account to hep identify and imit fraud or other unauthorized transactions against your account, such as positive pay or commerciay reasonabe security procedures, and you reject those services, you wi be responsibe for any frauduent or unauthorized transactions which coud have been prevented by the services we offered, uness we acted in bad faith or to the extent our Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 8 of 10

12 negigence contributed to the oss. If we offered you a commerciay reasonabe security procedure which you reject, you agree that you are responsibe for any payment order, whether authorized or not, that we accept in compiance with an aternative security procedure that you have seected. (32) Teephonic Instructions. Uness required by aw or we have agreed otherwise in writing, we are not required to act upon instructions you give us via facsimie transmission or eave by voice mai or on a teephone answering machine. (33) M onitoring and Recording Teephone Cas and Consent to Receive Communications. We may monitor or record phone cas for security reasons, to maintain a record and to ensure that you receive courteous and efficient service. You consent in advance to any such recording. We need not remind you of our recording before each phone conversation. To provide you with the best possibe service in our ongoing business reationship for your account we may need to contact you about your account from time to time by teephone, text messaging or emai. However, we must first obtain your consent to contact you about your account because we must compy with the consumer protection provisions in the federa Teephone Consumer Protection Act of 1991 (TCPA), CAN-SPAM Act and their reated federa reguations and orders issued by the Federa Communications Commission (FCC). } Your consent is imited to this account, and as authorized by appicabe aw and reguations. } Your consent does not authorize us to contact you for teemarketing purposes (uness you otherwise agreed esewhere). With the above understandings, you authorize us to contact you regarding this account throughout its existence using any teephone numbers or emai addresses that you have previousy provided to us or that you may subsequenty provide to us. This consent is regardess of whether the number we use to contact you is assigned to a andine, a paging service, a ceuar wireess service, a speciaized mobie radio service, other radio common carrier service or any other service for which you may be charged for the ca. You further authorize us to contact you through the use of voice, voice mai and text messaging, incuding the use of pre-recorded or artificia voice messages and an automated diaing device. If necessary, you may change or remove any of the teephone numbers or emai addresses at any time using any reasonabe means to notify us. (34) Caim of Loss. If you caim a credit or refund because of a forgery, ateration, or any other unauthorized withdrawa, you agree to cooperate with us in the investigation of the oss, incuding giving us an affidavit containing whatever reasonabe information we require concerning your account, the transaction, and the circumstances surrounding the oss. You wi notify aw enforcement authorities of any crimina act reated to the caim of ost, missing, or stoen checks or unauthorized withdrawas. We wi have a reasonabe period of time to investigate the facts and circumstances surrounding any caim of oss. Uness we have acted in bad faith, we wi not be iabe for specia or consequentia damages, incuding oss of profits or opportunity, or for attorneys' fees incurred by you. You agree that you wi not waive any rights you have to recover your oss against anyone who is obigated to repay, insure, or otherwise reimburse you for your oss. You wi pursue your rights or, at our option, assign them to us so that we may pursue them. Our iabiity wi be reduced by the amount you recover or are entited to recover from these other sources. (35) Eary W ithdraw a Penaties (and invountary withdrawas). We may impose eary withdrawa penaties on a withdrawa from a time account even if you don' t initiate the withdrawa. For instance, the eary withdrawa penaty may be imposed if the withdrawa is caused by our setoff against funds in the account or as a resut of an attachment or other ega process. We may cose your account and impose the eary withdrawa penaty on the entire account baance in the event of a partia eary withdrawa. See your notice of penaty for eary withdrawas for additiona information. (36) Address or Name Changes. You are responsibe for notifying us of any change in your address or your name. Uness we agree otherwise, change of address or name must be made in writing by at east one of the account hoders. Informing us of your address or name change on a check reorder form is not sufficient. We wi attempt to communicate with you ony by use of the most recent address you have provided to us. If provided esewhere, we may impose a service fee if we attempt to ocate you. (37) Resoving Account Disputes. We may pace an administrative hod on the funds in your account (refuse payment or withdrawa of the funds) if it becomes subject to a caim adverse to (1) your own interest; (2) others caiming an interest as survivors or beneficiaries of your account; or (3) a caim arising by operation of aw. The hod may be paced for such period of time as we beieve reasonaby necessary to aow a ega proceeding to determine the merits of the caim or unti we receive evidence satisfactory to us that the dispute has been resoved. We wi not be iabe for any items that are dishonored as a consequence of pacing a hod on funds in your account for these reasons. (38) Waiver of Notices. To the extent permitted by aw, you waive any notice of non-payment, dishonor or protest regarding any items credited to or charged against your account. For exampe, if you deposit a check and it is returned unpaid or we receive a notice of nonpayment, we do not have to notify you uness required by federa Reguation CC or other aw. Terms and Conditions-LA Bankers Systems Woters Kuwer Financia Services * VMP, TC-LA 3/1/ Page 9 of 10