Courtesy Pay

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 can 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, which may be
less expensive than our standard overdraft practices. To learn more, ask us about these plans.

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:
-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, or you chose to not authorize the credit union
pay our debit or ATM overdrafts, your transaction or debit card purchase will be declined.

What fees will I be charged if Electrical Federal Credit Union pays my overdraft?

Under our standard overdraft practices:

-We will charge you a fee up to $25 each time we pay an overdraft.
-There is no limit on the total fees we can charge you for overdrawing your account.
-Also, if your account is overdrawn for 5 or more consecutive business days, we will charge an
additional $5 per day.

What if I want Electrical FCU 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, you
can email your request to us at memberservices@electricalfcu.org or call us at (303)-428-5080 or
1-(888)-428-5080.