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, however we pay it anyway. We can cover your overdrafts in two different ways:
- We offer an Overdraft Protection plan, which links to a savings account, and may be less expensive than our standard overdraft option.
- You may also be eligible for our Overdraft Privilege plan. To learn more, ask us about these plans.
This notice explains our overdraft options:
We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to:
- ATM transactions
- Everyday debit card 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.
Under our overdraft practices:
- We will charge you a fee of up to $30 each time we pay an overdraft
- There is no limit on the total fees we may charge you for overdrawing your account.
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form above and click Submit Form to opt-in to Overdraft Privilege today.
Overdraft Privilege coverage is available at our discretion, which means we do not guarantee that we will always authorize or pay any type of transactions. Members may opt-out of Overdraft Privilege at any time by mail using the address below, calling 713-674-5778, email via unitedccu.com or visiting any of our locations.
For more information about overdraft protection,
please speak to a member service representative at (713) 674-5778.