- We have standard overdraft practices that come with your account.
- We also offer overdraft protection plans, such as a link to another account which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
What are the standard overdraft practices that come with my account?
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 will not authorize and pay overdrafts for the following types of transactions without your consent.
- 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.
What fees will I be charged if Centric Federal Credit Union pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of up to $28.00 each time we pay an overdraft
- There is no limit per day on the total fees we can charge you for overdrawing your account
What if I want Centric Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?
Indicate the proper response on our online form here, or call us at 1-318-340-9656.