|
What
You Need to Know about Overdrafts and Overdraft Fees
An
overdraft
occurs when you do not have enough money in your account to cover a
transaction, but we pay it anyway. We can cover your overdrafts in
two different ways:
We
have standard
overdraft practices
that are offered to accounts in good standing.
We
also offer overdraft
protection options,
such as linking your checking account to a savings account or a line
of credit, which may be less expensive than our standard overdraft
practices.
For
more information on these and other options, please contact us at
800-759-8500.
This
notice explains our standard
overdraft practices.
What
are the standard
overdraft practices
that come with my account?
We
do
authorize and pay overdrafts for the following types of transactions:
We
will authorize and pay overdrafts, through June 30, 2010, for the
following types of transactions (see below); however we will no
longer do so after this date unless you ask us to:
We
pay overdrafts at our discretion, which means we do
not guarantee
that we will always authorize and pay any type of transaction.
If
we do
not
authorize and pay an overdraft, your transaction will be declined.
What
fees will I be charged if Service One Credit Union pays my
overdraft?
Under
our Overdraft Privilege Program:
What
if I want Service One Credit Union to authorize and pay overdrafts
on my ATM and everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, you may complete the section below and submit it for approval. If you prefer, you may print this form in its entirety
here, and send it to the following address:
P.O. Box 51770
Bowling Green, KY 42102
|
