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Overdraft Privilege helps protect you against having your checks returned in the event of an inadvertent overdraft of your account by giving you a reserve for emergencies or unexpected situations. There is no fee for having this privilege on your account, you are only charged if you overdraw your account.
Overdraft Privilege is not a line of credit. However, if you overdraw your account, we will normally pay the overdraft, subject to the limit of your Overdraft Privilege, after any Lines of Credit already established have been exhausted.
Want us to authorize and pay overdrafts on your ATM transactions? Log into Online Banking a complete the Courtesy Pay Opt-In Form, or stop by any of your local branches.
If you do not want us to authorize and pay overdrafts on ATM transactions, please submit an Opt-Out of Courtesy Pay Form.
The Federal Reserve Board implemented a new regulation called "Check 21" on October 28, 2004. This regulation was intended to make the movement of a check through the Federal Reserve System more efficient. It permits credit unions and other financial institutions to use a new negotiable instrument called a "substitute checks" in place of an original check. A substitute check is the legal equivalent of the original check and includes all of the same information.
For more information about this regulation, visit www.federalreserve.govOpens in New Window.
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