How can I opt-in for Overdraft Privilege Protection regarding my everyday debit and ATM card transactions?
Unless you opt-in for Overdraft Privilege protection, federal rules require UNCLE Credit Union and all financial institutions to disallow any transactions associated with everyday debit card purchases and ATM transactions if you don’t have funds available in your account at the time of the transaction. Overdraft Privilege protection allows many UNCLE members to draw their accounts negative to pay items when funds are not available. While we charge $21 for this service, members using Overdraft Privilege often avoid returned item fees charged by merchants or other parties. Overdraft Privilege is different from overdraft protection, where members link two accounts to automatically transfer funds when one account doesn’t have available funds to pay an item. To opt-in, call us at 1-800-348-6253, ext 83. Keep in mind that regardless of your OPT-IN status, whether we pay or return items is at our discretion and we never guarantee to pay any item.
Related Questions
- What if I choose to continue Standard Overdraft Coverage for ATM and everyday CheckCard transactions but change my mind later?
- Am I liable for fraudulent transactions if my Debit BusinessCard® or Texans ATM card is lost or stolen?
- How do I opt in/out for Standard Overdraft Coverage for ATM and everyday CheckCard transactions?