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:

1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to a savings account or to an overdraft line of credit, which may be less expensive than our standard overdraft practices. To learn more, contact 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:

1. Checks and other transactions made using your checking account number.
2. Automatic bill payments.

We will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

1. Everyday debit card transactions which include Point of Sale (POS) PIN based and signature based transactions at any merchant.

We will not authorize and pay overdrafts for the following types of transactions:

1. ATM Withdrawals

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 True North FCU pays my overdraft?

Under our standard overdraft practices:

1. We will charge you $30.00 for Non-Sufficient Funds (NSF) or $30.00* for Courtesy Pay.
2. There is no limit on the total fees we can charge you for overdrawing your account.
3. Overdrawn balances are due immediately.

What if I want True North to authorize and pay overdrafts on my everyday debit card transactions?

Signing up is easy! There’s nothing to sign. Contact Us and let us know that you want to OPT-IN!