An overdraft occurs when you don't have enough money in your account to cover a transaction such as a check, debit card purchase, ATM withdrawal, or ACH payment (electronic payment), but we pay it for you anyway.
Overdraft Privilege is a little like having a spare tire in the truck of your car. You don't plan on getting a flat tire, but you're sure glad you have a spare tire there when you do.
We do not authorize and pay overdrafts for those types of transactions unless you ask us to. If you opt in to overdraft protection, a $30 fee will be charged to your account each time an overdraft transaction occurs.
Overdraft Privelege means:
- You can avoid high charges from merchants on returned checks
- You have more convenience and flexibility in managing your funds
- Payments of overdrafts up to $500 will be considered on qualifying personal accounts
- Overdraft Privelege costs nothing unless you use the service, and saves you money by avoiding additional fees due to insufficient funds
Please call and ask to speak to a Member Services Representative at one of our branches.