Courtesy Pay – Overdraft Protection


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.

Standard overdraft practices that come with your account. We also offer overdraft protection plans, which may be less expensive than our standard practices. Ask us about these plans!

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. We do not guarantee that we will always

  • authorize and pay any type of transaction.

What fees will I be charged if Med5 FCU pays my overdraft? Under our standard overdraft practices:

  • We will charge you a fee up to $30.00 each time we pay an overdraft.

  • There is no limit on the total fees we can charge you for overdrawing your account.

What if I want Med5 FCU to authorize and pay overdrafts on my ATM and everyday debit card transaction? If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call (605) 342-7776, visit one of our branch locations, or complete the form below!

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