Existing Accounts
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 overdraft protection plans, such as a line of credit for those who qualify or a link to a savings account which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
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 transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
Effective August 15, 2010, we do not authorize and pay overdrafts from the following types of transactions unless you ask us to (see below)
- Everyday debit card transactions
- ATM transactions
We pay overdrafts at our discretion, which means we do not guarantee that we will always pay any type of transaction. If we do not pay an overdraft, your transaction will be declined.
- What fees will I be charged if DCH Credit Union pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of $25.00 each time we pay an overdraft.
- There is no limit on the total fees we can charge you for overdrawing your account.
- What if I want DCH Credit Union to authorize and pay overdrafts on my everyday debit card and ATM transaction?
If you want us to pay overdrafts on everyday debit card and ATM transactions, complete the form below and return it to DCH Credit Union. If you have additional questions please call the credit union at 205-759-7317.
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