We know that honest checking account mistakes happen. Perhaps a transaction
doesn't get recorded or the balance in the account is somehow miscalculated.
To help protect our members from merchant fees and the embarrassment of having
a check returned, we offer the additional benefit of Overdraft Privilege. It
is available to members in good standing whose checking account has been open
for 30 days or longer.
With Overdraft Privilege, if a check or checks are received by us and the funds
are not available in either the checking account or any designated overdraft
protection source (savings or line of credit), we will honor the check(s) and
overdraft your account for the amount of the check, plus our overdraft
fee, up to a limit of $300. Overdrafted accounts must be brought to a positive
balance within 30 days.
There is no cost for having this additional protection available on your account.
The only time a fee is incurred is when the Privilege is actually used. At that
time, our standard nonsufficient funds fee will be applied. Overdraft Privilege
is one more benefit of having a GPOFCU Checking Account!
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