Overdraft Protection Programs
We offer three ways to protect your checking account at American First Credit Union. See the chart below for a quick overview.
Program |
Transactions Covered |
Enrollment |
Fee |
| Overdraft |
All checking transactions |
Automatic
Can opt-out |
$2.50/item |
| Courtesy Check Clear* |
checks, recurring debit card and ACH |
Automatic
Can opt-out |
$29/item |
| Courtesy Card Clear* |
ATM and one-time debit card |
Opt-In Required |
$29/item |
* Certain qualifying factors apply.
Overdraft
Overdraft allows the credit union to draw money from another account you have with us. If you don't have enough cash in your checking account to cover a transaction we'll pull the money from your Line of Credit, Regular Savings, Money Market or Goal Setter account. A fee of $2.50 applies for each overdraft.
Courtesy Check Clear
Even if you don't have funds available in another account, we will courtesy pay an item if you have Direct Deposit and are a Member in good standing. A $29 per item fee applies. No enrollment required.
To opt out of Courtesy Check Clear, call 800/ 290-1112.
Courtesy Card Clear
Recently enacted Federal regulations now require Members to opt-in to receive overdraft protection services for one-time, everyday ATM and debit card transactions.
Why should you opt-in?
-
Avoid the embarrassment of having your transaction declined when you are shopping in a store or out at a restaurant.
-
Provides peace of mind for the moments when you are in an emergency situation and need to use your ATM/Debit card.
-
There is no fee to opt-in to Courtesy Card Clear. You will only be charged a $29 fee if you use the service.
Ready to Opt-In? It’s Easy!
- CALL – Call us at 800/ 290-1112 and speak with a representative.
Call 800/ 290-1112, press 3, then 2 and opt-in through
automated phone system.
Courtesy Card Clear Information
Courtesy Card Clear - Opt-In Form
Courtesy Card Clear FAQs
Addendum to Truth In Savings Agreement
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