It can happen to the best of us — a miscalculation or some life event gets us out of our routine. We offer several ways to protect yourself from overdrawing your checking account.
Overdraft Protection Plans
When you open your checking account, you may define a default overdraft protection that allows us to automatically transfer funds from your Savings Account or an Overdraft Line of Credit to cover an overdraft on your Checking Account.
Contact us today to add an Overdraft Protection Plan to your Checking Account.
Optional Standard Overdraft Protection
If you don't have an Overdraft Protection Plan, our Standard Overdraft Practices will apply which authorize payment for the following types of overdraft transactions for $35 fee, up to eight times per day:
- Share drafts/checks, and other transactions made using your checking account
- Automatic bill payments
- ACH transactions
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.
We do not pay ATM/Debit Card overdrafts unless you authorize us to.
You may revoke this coverage at any time by contacting the credit union in writing at 2320 North DuPont Highway New Castle, DE 19720.