AllSouth Federal CU Overdraft Protection Options

Overdraft Protection Options

Overdraft Privilege

Overdraft Privilege*

With Overdraft Privilege should you have checks, ACH transactions, or automatic bill payments presented for payment that would overdraw your account if paid, rather than automatically returning the item, we will consider it for payment. You may also opt in to have debit card transactions authorized as well.

What you need to know:

  • Overdraft Privilege is a discretionary service
  • A $30 fee will be assessed for each overdraft
  • Total overdrafts cannot exceed allowable account limit, including fees
  • To have debit card transactions covered, you must complete the opt in form

*Overdraft Privilege may pay checks, point-of-sale Visa debit card transactions, ACH and any other transactions presented against your checking account when it is overdrawn. You must be at least 18 years of age and a member for a minimum of 90 days for this service to be extended. The fee is $30 per overdraft. Overdraft Privilege must be repaid promptly. You are limited to one checking account of which you are the primary owner. AllSouth Federal Credit Union pays overdrafts at our discretion and reserves the right not to pay. Additional Overdraft Protection options include Line of Credit and Automatic Savings Transfers.