Print Share

Personal Finance

Overdraft Protection

Just in Case Credit.

FlexLine

FlexLine is a flexible line of credit that offers you protection and convenience when you need it the most. There are times when accidents happen and you fail to record a check, an ATM withdrawal, or make a mathematical error. With FlexLine, you can keep an embarrasing situation from becoming a costly mistake and protects you from incurring fees if you accidentally overdraw your account. We'll transfer from your FlexLIne loan in $25 increments.

   

Overdraft Protection 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, which may be less expensive than our standard overdraft practices.

What You Need to Know about Overdraft Protection 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, 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
  • Recurring Debit card transactions

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 Financial Center pays my overdraft?
Under our standard overdraft practices:

  • We will charge you a fee of up to $35 each time we pay an overdraft.
  • There is a 5 per day limit on the total number of fees we charge you for overdrawing your account.

What if I want Financial Center 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, you must authorize us to do so. You may call us at 317.916.7700, email us at mail@fcfcu.com, or chat with us at www.fcfcu.com/help.
 

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI