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Opt In for ATM & Debit Card Transaction Overdraft Protection

What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

1.
We have Courtesy Pay Privilege that come with your account.

2.
We also offer overdraft protection plans, such as a link to a savings account or a line of credit.

This notice explains our Courtesy Pay Privilege.

What are the Courtesy Pay Privilege 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 DO NOT authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
  • 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 Prince George’s Community Federal Credit Union pays my overdraft?

Under our Courtesy Pay Privilege:
  • We will charge you a fee of up to $30.00 each time we pay an overdraft
  • There is a limit of 5 transactions per day that will be charged a fee when overdrawing your account
  • There is NO LIMIT on the total fees we can charge you for overdrawing your account.
What if I want Prince George’s Community Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, submit the form below.





I do not want Prince George’s Community Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.

I want Prince George’s Community Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.

 

Should you change your mind and decide you no longer want us to continue to authorize and pay overdrafts on your ATM and everyday debit card transactions, you may revoke your authorization at any time by contacting us either in person, by mail, or by phone.