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 information explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

At our discretion, we may authorize and pay overdrafts for the following types of transactions:

After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

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 San Diego Metropolitan Credit Union pays my overdraft?

Under our standard overdraft practices:

What if I want San Diego Metropolitan Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 619.297.4835 (toll free at 888.907.3628) or complete the following form:


I do want San Diego Metropolitan Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.

I do not want San Diego Metropolitan Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.

Name:

Account Number(s):
 
 

(Please note: If you have more than one checking account, please indicate each account above)

Please print a copy of this form for your records before clicking "Submit." If you choose overdraft services on your ATM and debit card transactions, we will send you a written confirmation of your choice with additional information by mail within a few days.