Overdraft Protection

Life is Unpredictable. Be Ready

Overdrafts - We've All Been There

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

Overdraft Protection Options

Life is unpredictable; arithmetic gets confused; 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

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.