Member Overdraft Privilege

When you have a Checking Account with ACU, we check four times for overdraft protection. First, we look for an approved Line of Credit Loan Account. If that is not available, or is maxed out, we will check if your Share Account or Money Market Account has sufficient funds to cover the overdraft. If sufficient funds are available we will automatically transfer them for you. There is a $4 service charge for each transfer.

If funds are not available, Member Overdraft Privilege goes into effect.

With Member Overdraft Privilege, members are initially provided a $100 overdraft limit when a Checking Account is opened. After 45 days, the Member Overdraft Privilege limit is raised to $750 (includes NSF fee) for members with Associated Checking who demonstrate responsible Checking Account management. Simple Checking's Member Overdraft Privilege limit will remain at $100 (includes NSF fee).

From the Member Overdraft Privilege limit is deducted the amount of the overdraft plus a $30 Non-Sufficient Funds (NSF) fee for each overdraft transaction. Fee applies when overdraft is created by check, ACH debit, ATM withdrawal, Debit Card withdrawal, or other electronic means. Repay the amount of the overdraft within 30 days and your account remains in good standing.

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