Overdraft Options. LGFCU offers a transfer of available funds from some Share and deposit accounts, lines of credit and credit cards in order to prevent items from being returned or Checking Accounts from becoming overdrawn. This transfer service may be requested or removed from new/existing Checking Accounts by the account holder at any time.
Overdraft Options. We recommend you establish at least one source of overdraft protection to which our standard overdraft transfer fees apply. Overdrafts will be taken from the account(s) established by you in the amount needed to cover purchases/POS transactions plus any applicable fees. Overdrafts to the Share Account (Savings) are limited to six (6) per calendar month. If the account is overdrawn and is not compensated through the use of overdraft protection, then you will pay our Insufficient Funds Charge and shall immediately deposit sufficient funds in your account to cover the overdraft. The debit card is not a credit card and its issuance does not permit you to overdraw your account or otherwise obtain credit from us except where overdraft protection service has previously been approved and is used in conjunction with the account. We have the right to withdraw funds from any account on which you are an owner in order to pay funds owed on Share Account (Saving) or Share Draft (Checking) accounts.
Overdraft Options. LGFCU offers a transfer of available funds from some Share and deposit accounts, lines of credit and credit cards in order to prevent items from being returned or Checking Accounts from becoming overdrawn. This transfer service may be requested or removed from new/existing Checking Accounts by the account holder at any time. If you choose not to opt in to the Overdraft Transfer Plan, transactions that would cause an overdraft will be returned unpaid and the account will be charged a non-sufficient funds (NSF) fee for each item. Option A: No Overdraft Transfer Services (default) OPTION B: Overdraft Transfer Plan Fee for Overdraft Transfers $0.50 A Share Account or Money Market Share Account can be used as an overdraft transfer account and limited to six transfers per calendar month. Transfers exceeding six per calendar month will be charged an excessive transfer fee*. $25 Overdraft Plan Increments 4 Share and deposit accounts, credit cards and personal lines of credit: $50† 4 Home Equity Lines of Credit: $500 LGFCU does not offer an Overdraft Penalty Plan or fee. Option C: Overdraft Penalty Plan * Overdraft Transfers are considered Regulation D Transfers and repeated excessive transfers from a Share or Money Market Savings account may result in loss of overdraft transfer privileges. † Overdraft Transfer Plan transfers the entire whole dollar available balance if this is enough to cover the item(s) presented for payment and the $0.50 overdraft fee. Processing of Items LGFCU generally posts items presented on your account in the following order:
Overdraft Options. Overdraft options are not available on this account. Any ATM, POS, ACH or Visa Debit Card transaction initiated for an amount over your available account balance may be declined.
Overdraft Options. We recommend you establish at least one source of overdraft protection to which our standard overdraft protection transfer fees apply. Over- drafts will be taken from the account(s) established by you in the amount needed to cover purchases/POS transactions plus any applicable fees. Overdrafts to the Endeavor savings account are limited to six (6) per calendar month. If the account is overdrawn and is not compensated through the use of overdraft protection, then you will pay our Insufficient Funds Charge and shall immediately deposit sufficient funds in the account to cover the overdraft (Please refer to a Business Account Fee Schedule for the fee amount). The Debit Card is not a credit card and its issuance does not permit you to overdraw the account or otherwise obtain credit from us except where overdraft protection service has previously been approved and is used in conjunction with the account. We have the right to withdraw funds from any account on which the business is an owner in order to pay funds owed on the Endeavor savings, Endeavor checking, and Endeavor Plus checking accounts.
