Member Services: Overdraft Options
We understand that unexpected overdrafts occur from time to time. Overdraft Coverage can help.
Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:
| Service | Cost |
|---|---|
| Overdraft Protection Link to Another Deposit Account you have at Topside Federal Credit Union1 | $7.50 fee per transfer |
| Overdraft Protection Link to a Cash Advance on your Topside Federal Credit Union credit card1, 2 | $7.50 fee + interest; Subject to credit approval |
| Overdraft Protection Line of Credit1, 2 | $7.50 fee + interest; Subject to credit approval |
| Overdraft Privilege Standard or Extended Coverage | $32 Overdraft Fee per item presented* |
1Call us at (540) 663-2181, email us at help@topsidefcu.org or come by a branch to sign up or apply for these services; 2subject to credit approval; *Per item presented means each time an item is presented, including re-presentment
Overdraft protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, cash advance, or line of credit you have at Topside Federal Credit Union for a fee or finance charge. Please note that cash advances and overdraft lines of credit are subject to credit approval. Call us at (540) 663-2181, email us at help@topsidefcu.org or come by a branch to sign up or apply for this/these service(s). Good account management is the best way to avoid overdrafts.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Standard Coverage includes checks, ACH transactions (automatic debits), recurring debit card transactions, online bill pay items, teller window transactions, and telephone and internet banking transactions. Please review What Else You Should Know for other important information.
If you choose Overdraft Privilege Extended Coverage, ATM transactions and everyday debit card transactions will be included with the Standard Coverage transactions listed above.
If you would like to select Extended Coverage for future transactions:
- call us at (540) 663-2181
- complete the online consent form found at www.topsidefcu.org
- visit any branch
- complete the consent form and mail it to us at P.O. Box 519 Dahlgren, VA 22448
- email us at help@topsidefcu.org/ send us a secure message through online banking
If you want to discontinue Overdraft Privilege in its entirety, contact us at (540) 663-2181 or email us at help@topsidefcu.org/ send us a secure message through online banking.
For more information please review the following documents:
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