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Birth Driver's License # / State Issued OVERDRAFT PROTECTION If I indicate below, the Credit Union may transfer what is available from my Primary Savings Account (-0) to pay a check or EFT item. The Credit Union may treat such items as a request to transfer funds from my Primary Savings Account (-0). If I establish a Goldline Account, the Credit Union may treat such items as a request to transfer funds from my (-0). Overdraft fees will be charged as disclosed in the current Rate & Fee Schedule.

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Though overdraft protection has benefits and can offer convenience, the potential fees involved may add up quickly. One way to steer clear of such fees is to simply not opt in for overdraft coverage. Your bank will just decline a debit card transaction if you lack sufficient funds.

Having overdraft protection enables transactions to clear even when there aren't enough funds in your account to cover the cost. An overdraft is when transactions cause a bank account balance to fall below zero.

Overdraft protection can help you avoid declined transactions, late payment charges and non-sufficient funds (NSF) fees. Each NSF fee can be around $50. Overdraft protection can be less expensive than some short-term credit options, like payday loans.

Overdraft protection is an agreement with the bank or financial institution to cover overdrafts on a checking account. This service typically involves a fee and is generally limited to a preset maximum amount.

Overdraft protection can help prevent overdraft fees through transfers, lines of credit, grace periods and more. Chanelle Bessette is a personal finance writer at NerdWallet covering banking. She previously worked at Fortune, Forbes and the Reno Gazette-Journal.

If you do opt-in for overdraft protection or coverage, then your bank may pay a debit card purchase or ATM transaction, even if the transaction overdraws your account. You will be charged any overdraft fees that are incurred as a result.

You can't get in trouble for overdrawing your account but you may face fees, which could lead to financial difficulty. Your bank may close your account and may send you to collections until you repay the balance.

To avoid overdraft fees: Decline overdraft protection. If you've already signed up, you can contact your bank to opt out. Your debit card will be declined if you exceed your balance, but you won't get hit with overdraft fees.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232