Overdraft Privilege Opt-in

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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:

  • We have standard overdraft practices that come with your account and are also incorporated into our Overdraft Privilege Program.
  • We also offer overdraft protection plans, such as a link to a Savings account, which may be less expensive than our standard overdraft practices; ask for details.

This notice explains our standard overdraft practices.

What are the standard overdraft practices for 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 unless you ask us to (Opt-in below):

  • 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, your transaction will be declined.

What fees will I be charged if Apple FCU pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a $29 fee each time we pay an overdraft.
  • The daily limit is four (4) fees.

What if I want Apple FCU to authorize and pay overdrafts on my ATM and everyday Debit Card transactions?

Simply complete this Overdraft Privilege Opt-in request.

Opt-In Authorization Form

Please submit the required fields below if you want us to authorize and pay overdrafts on your ATM and everyday Debit Card transactions.

    
 I have read the Apple FCU Overdraft Privilege Disclosure and agree to the terms and want Apple FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions.

You can also call us at 703-788-4800, or log in to Online Banking to chat securely or enroll (Account Tools tab).