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 come with your account.
We also offer alternative overdraft protection plans, such as a link to a savings account, cross-account transfers or overdraft protection line of credit, which may cost less than our standard overdraft practices. To learn more, contact your favorite CPFCU location to ask about these plans.
What are the standard overdraft practices that come with my account?
Under the standard overdraft practices, we do authorize and pay overdrafts for the following types of transactions:
Beginning August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below).
Our standard overdraft limit is $300, which includes overdraft fees. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any transaction. If we do not authorize and pay an overdraft, your transaction will be declined.
What fees will I be charged if Coosa Pines FCU pays my overdraft?
Under our standard overdraft practices:
What if I want Coosa Pines FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, you can:
If you have further questions regarding overdraft protection, please feel free to contact a Member Service Representative at any of our locations.