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:
1. We have standard overdrafts practices that come with your account.
2. We also offer overdraft protection plans, such as a link to another account or line of credit, which may be less expensive than our
standard 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):
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
If we do not authorize and pay an overdraft, your transaction will be declined.
What fees will I be charged if Med 5 Federal Credit Union 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 a limit of ten (10) per item overdraft fees we will charge you for overdrawing your account on any
What if I want Med 5 Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 605-342-7776, or
complete the form below and present it at a branch or mail it to: 2300 West Main Street, Rapid City, SD 57702.