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:

• 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, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft practices 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

For accounts opened on or after July 1, 2010, we do not authorize and pay overdrafts for the following types of transactions unless you ask us to. For existing accounts (those opened before July 1, 2010), after August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

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 First Flight FCU pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of [$35] each time we pay an overdraft
• There is no limit on the total fees we can charge you for overdrawing your account.

A $35 Overdraft Fee will be charged when an overdraft service is imposed in each of the following categories; ACH, Check, Point of Sale, and ATM.  The member must repay and cover any overdrafts including the associated fees returning the account to good standings as soon as possible but not exceeding 30 days.  Please see the Membership Agreement for more information.