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Yes, I authorize
Carolina Cooperative FCU to pay overdraft on my ATM and everyday debit transactions.
No, I do not authorize
Carolina Cooperative FCU to pay overdraft on my ATM and everyday debit transactions.
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 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
payment
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 Carolina Cooperative FCU pays my overdraft?
Under our standard
overdraft practices:
- We will charge
you a fee of $28 each time we pay an overdraft.
- There is no limit
on the total fees we can charge you for overdrawing your account.
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