Member Overdraft Privilege

When you have a Checking Account with ACU, we check four types of 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 available funds to cover the overdraft. If sufficient available funds are available and withdraw limits have not been met, we will automatically transfer them for you. There is a $4 service charge for each transfer.

If funds are not available to be transferred, 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 and $500 in deposits, 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).

Please note that your Basic Member Overdraft Privilege limit may be available for each item paid under the limit created by checks and other transactions made using your checking account number, such as a teller withdrawal, an automatic payment (ACH) transaction, an automatic bill payment or recurring debit card payments. If you request Enhanced Member Overdraft Privilege, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit.

From the Member Overdraft Privilege limit is deducted the amount of the overdraft plus a $30 Paid 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. Repaying the amount of the overdraft(s) and fee(s) within 30 days is one of the requirements for your account to remain in good standing. For a complete description of the Member Overdraft Program, click here to view the Member Overdraft Privilege Policy in your Account Agreements & Disclosures.

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