Overdraft Opt In Overdraft Opt In If you want Martinsville DuPont Credit Union to continue to authorize and pay overdrafts on ATM and everyday debit card transactions, fill out this form below or call (800) 475-6328 extension 0. First Name & Last Name: Last Four Digits of Your Social Security Number: Why you need to Opt In and have MDCU authorize and pay overdrafts for ATM and everyday Debit Card transactions There is no fee for opting in. By opting in, you authorize MDCU to cover your ATM and everyday Debit Card transactions when you do not have enough money in your account. This valuable service may help you in case of financial emergencies and unexpected out-of-town expenses. This service also may prevent the embarrassment of an ATM or everyday Debit Card transaction from being declined and provides greater flexibility in managing your money. The only time you pay a fee for this service is when you use this service. You are required to Opt In for this service because of new regulatory requirements. If you don’t opt in there is no emergency protection for everyday Debit Card and ATM Card transactions. 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: We have standard overdraft practices that come with your account. We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, click here. What are the standard overdraft practices that come with my account? We do authorize and pay overdrafts for the following types of transactions: 1. Checks and other transactions made using your checking account number 2. Automatic bill payments After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see above). 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 Martinsville DuPont Credit Union pays my overdraft? We will charge you a fee of up to $25 each time we pay an overdraft. There is a limit of 10 MAX overdraft fees per day on the total fees we can charge you for overdrawing your account using Overdraft Privilege. What if I want MDCU to authorize and pay overdrafts on my ATM and everyday debit card transactions? If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010, submit the information above or call Member Services at (800) 475-6328 extension 0.
Overdraft Opt In
If you want Martinsville DuPont Credit Union to continue to authorize and pay overdrafts on ATM and everyday debit card transactions, fill out this form below or call (800) 475-6328 extension 0.
First Name & Last Name: Last Four Digits of Your Social Security Number:
Why you need to Opt In and have MDCU authorize and pay overdrafts for ATM and everyday Debit Card transactions
There is no fee for opting in. By opting in, you authorize MDCU to cover your ATM and everyday Debit Card transactions when you do not have enough money in your account. This valuable service may help you in case of financial emergencies and unexpected out-of-town expenses. This service also may prevent the embarrassment of an ATM or everyday Debit Card transaction from being declined and provides greater flexibility in managing your money. The only time you pay a fee for this service is when you use this service.
You are required to Opt In for this service because of new regulatory requirements.
If you don’t opt in there is no emergency protection for everyday Debit Card and ATM Card transactions.
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:
What are the standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:
1. Checks and other transactions made using your checking account number
2. Automatic bill payments
After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see above).
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 Martinsville DuPont Credit Union pays my overdraft?
We will charge you a fee of up to $25 each time we pay an overdraft. There is a limit of 10 MAX overdraft fees per day on the total fees we can charge you for overdrawing your account using Overdraft Privilege.
What if I want MDCU to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010, submit the information above or call Member Services at (800) 475-6328 extension 0.
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