What are the procedures for Overdraft Advance if my account is overdrawn?
We do pay overdrafts for the following types of transactions up to a $400.00 limit on all transactions at any one time:
Drafts/Checks and other transactions using your checking account number.
Automatic Bill Payments
We do not authorize and pay overdrafts for the following types of transactions unless you request us in writing to do so:
Debit Card transactions
Overdraft Advance coverage will be available 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 I overdraft my account?
If we pay the transaction with Overdraft Advance you will be charged $30.00 per transaction.
If we do not pay the transaction with Overdraft Advance you will be charged $30.00 per transaction, plus you may be subject to penalties from the merchant.
There is no limit to the number of total fees we can charge you for overdrawing your account.
Overdraft items will be posted in accordance with Best Reward Credit Union's existing account procedures.