Overdraft Privilege
Community First Credit Union has been pleased to provide our members with a valuable service, Overdraft Privilege. Overdraft Privilege is a service that helps our members avoid embarrassment and charges from merchants by paying items that would have been declined due to insufficient funds.
As a responsible and valued checking account holder with Community First, you may already have Overdraft Privilege and the peace of mind that comes with that protection. However, as a result of new federal laws, we will not be able to continue paying your overdrafts on ATM withdrawals and debit card purchases unless you tell us that you want overdraft coverage on these transactions. Please select the link below to opt in.
Regulation E Opt-in Form
Even if you do not request overdraft coverage on ATM withdrawals and debit card purchases, we may still pay your overdrafts for other types of transactions, including checks. Having overdraft coverage, however, does not guarantee that we will pay all of your overdrafts. If we decide to pay an overdraft, you will be charged fees as described below.
Overdraft Fees
- We will charge you an Overdraft Privilege fee of $30 each time we pay an overdraft.
- There is no limit on the total fees we can charge for overdrawing your account.
Other Ways We Can Cover Your Overdrafts
We offer other ways of covering your overdrafts, such as linking your account to another account with us or an overdraft line of credit. Contact us to learn more about these options.
What's New
