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Opt-In to preserve your
Overdraft Coverage Protection
on everyday debit 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, 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
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 Tradesmen Comm. Credit Union pays my overdraft?
Under our standard overdraft practices:
· We will charge you a fee of $25 each time we pay an overdraft
· There is no limit on the total fees we can charge you for overdrawing your account.
What if I want Tradesmen to authorize and pay overdrafts on my everyday debit card transactions?
If you also want us to authorize and pay overdrafts on everyday debit card transactions, call 515 243-8735, visit either location, or complete the form, print and mail it to:
Tradesmen Community Credit Union
PO Box 1496
Des Moines, IA 50305
____I do not want Tradesmen Comm. Credit Union to authorize and pay overdrafts
on my everyday debit card transactions.
____I want Tradesmen Comm. Credit Union to authorize and pay overdrafts on my
everyday debit card transactions.
Printed Name: _____________________________________________
Date: ___________________________________
Account Number: _________________________
DEBIT CARDS...
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