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What You Need to Know About Overdrafts and Fees

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   PDFCU pays it anyway. We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that comes with your account.

  2. 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 start soon.

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 requested in writing:

  • 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 I will be charged if Pearl District FCU pays my overdraft?

Under our standard overdraft practices: 

  • We will charge you a fee of up to $10 each time we pay an overdraft. 

  • If your account is overdrawn for 5 or more consecutive business days, we will charge an additional $5 per day.

  • There is no limit on the total fees we can charge you for overdrawing your account. 

What if I want Pearl District FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions? 

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions,  complete the form below and deliver it to the Credit Union or mail it to: PO Box 4682 Tulsa, Ok 74159

____ I do not want Pearl District FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions.

___ I want Pearl District FCU to authorize and pay overdrafts on my ATM and everyday debit card 

Print Name:_____________________________

Date: _________________________             Account Number: ___________________

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