OVERDRAFT COVERAGE OPTIONS: OVERDRAFT PRIVILEGE AND OVERDRAFT PROTECTION
Life happens! Belco Community Credit Union understands that unexpected overdrafts occur from time to time. Overdraft Coverage can help.
OVERDRAFT COVERAGE OPTIONS
Belco Community Credit Union offers several OVERDRAFT COVERAGE OPTIONS:
- Overdraft Protection Link to your Primary Savings Account at Belco Community Credit Union ($0 fee per Transfer)
- Overdraft Protection Link to your Line of Credit at Belco Community Credit Union (Subject to interest charges; Subject to credit approval)
- Overdraft Privilege Standard or Extended Coverage ($35 Overdraft Fee per item presented*)
*Per item presented means each time an item is presented, including re-presentment
OVERDRAFT PROTECTION applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from your primary savings account and/or line of credit you have at Belco Community Credit Union. Call us at 800.642.4482, send us a secure message through your online banking, or come by a branch to sign up or apply for these services. Good account management is the best way to avoid overdrafts.
OVERDRAFT PRIVILEGE allows you to overdraw your checking account up to a limit for a fee (as disclosed in our schedule of fees) to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know About Overdrafts” Overdraft Privilege disclosure for other important information.
(No action required) | (Your consent required on consumer accounts)* |
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|---|---|---|
| Checks | Items that are covered under Standard Coverage will still be covered when the Extended Coverage is selected. |
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| ACH - Automatic Debits | ||
| Recurring Debit Card Payments | ||
| Online Bill Pay Items | ||
| Internet Banking Transactions | ||
| Telephone Banking Transactions | ||
| Teller Window Transactions | ||
| ATM Transactions | ||
| One-time Debit Card Transactions |
*If you choose Extended Coverage on your consumer checking account, ATM transactions and one-time debit card transactions will be included with the transactions listed under Standard Coverage. To choose Extended Coverage for future transactions, call us at 800.642.4482, visit any branch, send us a secure message through your online banking, or complete the ODP Extended Coverage Consent Form for consumer accounts and mail it to us at 449 Eisenhower Blvd Suite 200, Harrisburg, PA 17111. If you already have Overdraft Privilege Extended Coverage, it is not necessary to request it again. Business accounts are automatically enrolled in Extended Coverage.
What if I don’t want Overdraft Privilege?
You can request to discontinue Overdraft Privilege in its entirety by contacting us at 800.642.4482, visiting any branch, or sending us a secure message through your online banking. Please be aware that without Overdraft Privilege, your insufficient funds items will be returned to the payee and/or declined at the point of purchase, unless you have Overdraft Protection available to cover the item(s). You will be charged the standard Return Fee of $38 for all returned items.