What you need to know about Overdraft Services

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 Terrific Overdraft Protection Service that comes with your account. See TOPS Agreement & Disclosure for details on the limits of overdraft protection on your account.
• We also offer overdraft protection from your other accounts, which can link your checking account to other accounts you are an owner of to cover any transactions that would otherwise overdraw your account. We also offer overdraft protection from a line of credit. ( subject to credit approval )

What are the standard overdraft practices for my account?

Once your account has been opened a minimum of 30 days and is in good standing, we do authorize and pay overdrafts on the following types of transactions:

• Checks and other transactions made using your checking account, such as ACH payments
• Automatic bill payments
• ATM transactions
• Everyday debit card transactions

As required by federal regulation, after August 15, 2010, we will not authorize and pay overdrafts for ATM transactions and Everyday debit card transactions unless you ask us to.  If we do not authorize and pay an overdraft, your transaction will be declined.

If you decide to OPT-IN:

• The Credit Union will try to cover your everyday debit card and ATM transactions regardless of the funds that exist in your account (ATM daily limits also apply).
• There is no fee to OPT-IN to the protection.

• There is a $28 overdraft fee each time we pay a transaction when you have insufficient funds available. You will incur the fees ONLY if we actually cover the overdraft for you.

How do I Opt-In?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, login to CU Online and click Opt-In when prompted.  You may also call 806.798.5554 and make your request over the phone, or visit any of our locations.

How do I benefit from Opting-In?

There are no monthly or annual fees to keep the overdraft protection feature you currently have on your account. We only charge a fee when you overdraw your account

• It is convenient.

• It saves embarrassment.

• It provides a safety net.

• It is good to have in an emergency.

There are times when overdraft services may be very important; if you have car trouble and need an emergency tow, overdraft protection ensures that you can use your debit card to pay for the tow truck, even if you have insufficient funds in your account at the time.

What fees will I be charged if Alliance pays my overdraft?

Under Alliance FCU's Terrific Overdraft Protection Service:

• We will charge you a fee up to $28.00 each time we pay an overdraft.
• There is no limit on the total fees we can charge you for overdrawing your account.

If you decide to OPT-OUT:

If you decide NOT to OPT-IN the Credit Union will not cover your everyday debit card and ATM transactions when there are insufficient funds in your account and your transaction will be declined.