First Entertainment Credit Union

Opt-In Overdraft Form


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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:

  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 or personal line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

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 unless you ask us to (see 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 First Entertainment Credit Union pays my overdraft?

Under our standard overdraft practices:

    • We will charge you a fee of $19.00 each time we pay an overdraft.
    • Also, if you account is overdrawn for three (3) or more consecutive calendar days, we will charge you a Daily Negative Balance Fee of $5.00 per day (up to a maximum of 14 days).
    • There is no limit on the total fees we can charge you for overdrawing your account.
What if I want First Entertainment Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions complete the form below.

CHOOSE ONE AND SUBMIT: Please note that you may reinstate or revoke your Opt-In decision at any time.

YES, I do want First Entertainment Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.
NO, I do not want First Entertainment Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.
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