Overdraft Coverage Options

Overdraft Coverage Options:
Overdraft Protection and Overdraft Privilege

Life happens!

Community Powered FCU understands that unexpected overdrafts occur from time to time.

Overdraft Coverage can help.

Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:

Service
Cost
Overdraft Protection Link to Another Deposit Account you have at Community Powered FCU1
$10 Transfer fee to cover ACH and checks
$15 Transfer fee to cover POS items
Overdraft Protection Line of Credit 1, 2
Subject to fees + interest
Overdraft Privilege Standard or Extended
$25 Overdraft Privilege Fee per item presented*.

1Call us at (302) 368-2396 or come by a branch to sign up or apply for these services;
2Subject to credit approval.
*Per item presented means each time an item is presented, including representment.

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from your primary share account or line of credit you may have at Community Powered FCU for a fee. Please note that overdraft lines of credit are subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order 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 What Else You Should Know for other important information.

Transactions Covered with Overdraft Privilege
Standard Coverage
(No action required)
Extended Coverage
(Your consent required)*
Checks
X X
ACH - Automatic Debits X X
Recurring Debit Card Payments
X X
Online Bill Pay items
X X
Internet Banking Transfers X X
Telephone Banking
X X
Teller Window Transactions
X X
ATM Withdrawals   X*
Everyday Debit Card Transactions
  X*

1Call us at (302) 368-2396 or come by a branch to sign up or apply for these services;
2Subject to credit approval.
*Per item presented means each time an item is presented, including representment.

Allow yourself to end the downward spiral once and for all so you can put your money towards the things you love to do.

If you would like to select Extended Coverage for future transactions:

*If you choose Extended Coverage on your checking account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again. You can discontinue the Overdraft Privilege in its entirety by contacting us at (302) 368-2396

Equal Housing Lender Logo Insured by NCUA Logo links to NCUA page Blank Spacer