What You Need to Know about Overdrafts and Overdraft Fees
What is an overdraft?
An overdraft occurs when you do not have enough available funds* in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in different ways:
*See the Important Account Information booklet for additional information regarding "Your Available Balance".
What transactions are covered by the Courtesy Overdraft Program?
If your account is eligible, we may authorize and pay overdrafts up to a specified amount (inclusive of fees) for the following types of transactions:
We pay overdrafts at our discretion, which means we do not guarantee we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. Accounts must be brought to a positive balance within 30 days or the Courtesy Overdraft program will be revoked.
What if I want WestStar Credit Union to authorize and pay overdrafts on my everyday debit card transactions?
If you also want us to authorize and pay overdrafts on your everyday debit card transactions, please select "Opt-In" below.
What fees will I be charged if WestStar Credit Union pays my overdraft?
Under our standard overdraft practices:
What if I change my mind after I opt-in or opt-out?
You may revoke consent at any time in the same manner in which you provided your consent originally. Your selection is effective until revoked by you (unless the credit union terminates the service.)