Overdraft Protection

Life is Unpredictable. Be Ready

Overdrafts - We've All Been There

Checking account overdrafts happen to just about everyone. Life is unpredictable; arithmetic gets confused; a paycheck is late. If a single task slips, financial complications can domino quickly. We have several solutions to prepare for the unexpected.

Overdraft Protection Choices

At account opening you will be asked to select the selection protection level(s), if any, you would like for your checking account. The options shown in the table below apply to members who enrolled in Overdraft Protection after Jan. 1, 2024.

Overview

Overview
Cost per Transaction

Cost per Transaction
Coverage Limit

Coverage Limit
Covers Teller Transactions

Covers Teller Transactions
Covers Automated Payments

Covers Automated Payments
Covers Digital Banking Transfers

Covers Digital Banking Transfers
Covers Everyday Debit Purchases

Covers Everyday Debit Purchases
Covers ATM Withdrawals

Covers ATM Withdrawals

Overdraft Transfer

Overview

Transfer from your savings account to cover overdrafts.
Cost per Transaction

$0
Coverage Limit

Savings balance must remain above $5
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Personal Line of Credit^*

Overview

Transfer from your line of credit loan to cover overdrafts.
Cost per Transaction

$0
Coverage Limit

Up to the pre-approved loan limit
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Classic Overdraft Coverage

Overview

Opt in any time. Covers many types of transactions.
Cost per Transaction

$25
Coverage Limit

$100
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Premium Overdraft Coverage

Overview

Increased coverage. Offered selectively by ATFCU based on account history.
Cost per Transaction

$25
Coverage Limit

$600
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Extended Overdraft Coverage

Overview

Extends coverage to ATM withdrawals and debit card transactions
Cost per Transaction

$25
Coverage Limit

$600
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Overdraft Protection Options

The choices in the second table apply to members enrolled in Overdraft Protection prior to Jan. 1, 2024.

Overview

Overview
Cost per Transaction

Cost per Transaction
Coverage Limit

Coverage Limit
Covers Teller Transactions

Covers Teller Transactions
Covers Automated Payments

Covers Automated Payments
Covers Digital Banking Transfers

Covers Digital Banking Transfers
Covers Everyday Debit Purchases

Covers Everyday Debit Purchases
Covers ATM Withdrawals

Covers ATM Withdrawals

Overdraft Transfer

Overview

Transfer from your savings account to cover overdrafts.
Cost per Transaction

$0
Coverage Limit

Savings balance must remain above $5
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Personal Line of Credit^*

Overview

Transfer from your line of credit loan to cover overdrafts.
Cost per Transaction

$0
Coverage Limit

Up to the pre-approved loan limit
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Overdraft Privilege Standard

Overview

Opt in any time. Covers many types of transactions.
Cost per Transaction

$25
Coverage Limit

$600 total
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Overdraft Privilege
Extended

Overview

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

$25
Coverage Limit

$600 total
Covers Teller Transactions
Covers Automated Payments
Covers Digital Banking Transfers
Covers Everyday Debit Purchases
Covers ATM Withdrawals

Learn more about overdraft coverage

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 Protection: If you choose this service, we will authorize your checking account to accept charges, even if the funds are not available, up to a pre-determined amount. 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 Protection 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.

See all Checking FAQs

Something Else to Consider

MX Money Management

MX puts money management at your fingertips – and your financial goals within reach. It’s free, it’s intuitive, and it can make a difference in your family’s financial life. If you have accounts at other financial institutions, they can be coordinated with your ATFCU accounts in this program.

Find out more about MX Money Management

Personal Line of Credit Loan

Once approved, a personal line of credit loan is available 24/7/365. It is reusable for the life of the loan and can be used for overdraft coverage on your checking account. You pay interest only on the funds actually used; not on the total amount of your credit line.

Learn about Personal Lines of Credit

Disclosures

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