Overdraft Protection

To opt in, please log in to Online Bankingand complete the Overdraft Privilege (ODP) Enrollment form found under the Account Tools menu. To opt out of ODP, complete the Overdraft Privilege Opt Out Request form and fax it to 703-667-8712 or mail to: P.O. Box 1200, Fairfax, VA 22038-1200. You may also visit any Apple FCU branch to opt out of Overdraft Privilege.

Overdraft Privilege is offered as a benefit of doing business with Apple. Opting in to ODP is free, but you may incur fees if your account is overdrawn.

Yes, Apple FCU will charge a fee of $25 each time we pay an overdraft. You will be limited to three (3) overdraft fees (also referred to as NSF or Courtesy Pay) per day. Overdrafts in excess of three (3) per day will clear with no fee up to a total of negative available balance of $1,000.

If you do not opt in to Overdraft Privilege, Apple FCU will abide by our standard overdraft practices.

Under our standard overdraft practice, Apple will authorize and pay overdrafts of the following types of transactions:

• Checks and other transactions made using your Checking account number
• Automatic bill payments

Apple will not authorize and/or pay overdrafts for the following types of transactions unless requested by the member:

• ATM transactions
• Everyday debit card transactions

Overdrafts are paid at Apple's discretion, which means the Credit Union does not guarantee that overdrafts will always receive authorization for transaction payment.

If a transaction is not authorized, your overdraft transaction will be declined.

You may have both Signature Line of Credit and ODP on the same account.

You can set up low balance alerts through the Apple FCU Online or the Mobile App. To set up low-balance alerts for your account, select Accounts, Manage Card, and then Update Alert Thresholds.

You may enroll one primary checking account in ODP. The Second Checking account, Student Checking and any other personal checking accounts, belonging to the same member, are not eligible for ODP.

Each ODP fee represents a separate overdraft transaction. You will not incur multiple ODP fees for a single transaction. However, you may incur multiple ODP/NSF fees for transactions presented more than once.

For example, if you make a transaction in which there are not enough available funds, you may incur an NSF fee. If you re-present the transaction and your available fund and ODP coverage are sufficient in covering the charge, an ODP fee will be assessed.

There is no fee for a declined debit card transaction. Funds on hold due to a debit card transaction authorization hold can cause a fee if there are not enough funds available to pay the transaction.

No. Enrolling in ODP does not guarantee that we will pay overdrafts. Apple FCU pays overdrafts at our discretion. If we do not authorize and pay an overdraft, your transaction will be declined and/or your electronic transfer/Check will be returned unpaid.

You can easily opt out at any time by filling out our "Overdraft Privilege Opt Out Request" form or by phone at 703-788-4800. If you prefer, you may also opt out at any branch location, by faxing requests to 703-667-8712, or by mailing the requests to: P.O. Box 1200, Fairfax, VA 22038-1200.

The Available Balance is the amount of funds in your account that is available for withdrawal or use at that moment.

The Available Balance takes into account holds that are placed on funds in the account or pending transactions that have been authorized but may not yet have been processed (posted) such as debit card POS transactions, online transfers, ATM transactions and pending deposits (subject to any applicable holds on funds).

It does not include items such as checks that you have written, but that have not yet cleared your account.

You can check your Available Balance using Apple FCU Online or Mobile App.