Life happens! Government Printing Office FCU understands that unexpected checking account overdrafts occur from time to time. To help protect you from merchant fees and the embarrassment of having a check returned or a debit card purchase overdraw your account‚ we offer these Overdraft Coverage Options1:
|1. Overdraft Protection — Applies to all Checking Account transactions and may help prevent overdrafts by automaticallytransferring funds from your Regular Share Savings account to your Checking Account.
||No fee to transfer funds from Savings to Checking. Up to 6 account transfers allowed per month.
|2. Overdraft Protection Line of Credit — This is a loan‚ subject to credit approval. Funds up to your predetermined credit line may be used as overdraft protection on your Checking Account.
||Must apply for this Line of Credit; subject to fees and interest.
|3. Overdraft Privilege/Courtesy Pay — Allows you to overdraw your account up to a disclosed limit for a fee in order to pay a transaction‚ if you:
- do not have funds in another account to cover the overdraft‚
- choose not to have Overdraft Protection from another account‚
- do not have an Overdraft Protection Line of Credit.
|$32.00 fee per occurrence
to cover account overdraft; overdrafted accounts must
be brought to a positive
balance within 30 days.