Jacob's Ladder outdoor sculpture at Abilene Christian University
Overdraft Protection

Life is Unpredictable. Be Ready

Overdrafts - Fact vs Fiction


Checking overdrafts happen to just about everyone.  Lives are busy and, if a single element slips, financial complications can happen quickly.  Abilene Teachers FCU offers several ways to prepare for the unexpected.

Overdraft Protection Options


Life is unpredictable; arithmetic goes wrong; a paycheck is late. There are many reasons why you might lose track of your checking account balance. We have solutions. Choose one or all of the following to protect yourself against costly fees and embarrassing situations.

  • Overview

    Overview

  • Cost per transaction

    Cost per transaction

  • Coverage limit

    Coverage limit

  • Covers debit card purchase

    Covers debit card purchase

  • Covers ATM withdrawals

    Covers ATM withdrawals

  • Covers check withdrawals

    Covers check withdrawals

  • Covers automated drafts

    Covers automated drafts

Overdraft Transfer

  • Overview

    Transfer from your savings account to cover overdraft

  • Cost per transaction

    $0

  • Coverage limit

    Savings balance must remain above $25

  • Covers debit card purchase

  • Covers ATM withdrawals

  • Covers check withdrawals

  • Covers automated drafts

Personal Line of Credit*

  • Overview

    Transfer from your line of credit loan to cover overdraft

  • Cost per transaction

    $0

  • Coverage limit

    Up to the pre-approved loan limit

  • Covers debit card purchase

  • Covers ATM withdrawals

  • Covers check withdrawals

  • Covers automated drafts

Overdraft Privilege
Standard

  • Overview

    Opt in any time. Covers many types of transactions.

  • Cost per transaction

    $25

  • Coverage limit

    $600 total

  • Covers debit card purchase

  • Covers ATM withdrawals

  • Covers check withdrawals

  • Covers automated drafts

Overdraft Privilege
Extended

  • Overview

    Opt in at any time. Covers all types of checking transactions.

  • Cost per transaction

    $25

  • Coverage limit

    $600 total

  • Covers debit card purchase

  • Covers ATM withdrawals

  • Covers check withdrawals

  • Covers automated drafts

Overdraft Protection FAQs

  • Overdraft Transfer: If funds are unavailable in your checking account, we will transfer available money from your savings account or personal line of credit loan to your checking account to cover the transaction.  There is no charge for this service. 
  • Overdraft Privilege: If you opt-in to this service, we will authorize your checking account to accept charges, even if the funds are not available, up to $600.  There is a $25 transaction fee for each charge submitted to your overdrawn account.
  • Overdraft Transfer is available for Restart Checking accounts, if the funds are available in your savings or personal line of credit.
  • Overdraft Privilege is not available for Restart Checking accounts.

It is.  Please refer to the chart on our Overdraft Protection page for details.

This is dependent on how often a merchant submits their files to the financial Automated Clearing House (ACH).  The time frame can vary from a few moments to several days.

Disclosures

*Personal line of credit loans are subject to credit union approval.