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 three different ways:
- We have standard overdraft practices that come with your consumer checking account.
- We also offer overdraft protection plans, such as a link to a savings account, which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.
- We also offer Extended Coverage for ATM and debit card transactions, which provides overdraft coverage for ATM and everyday debit card transactions. To learn more, see below.
This notice explains our standard overdraft practices.
What are the standard overdraft practices that come with my consumer checking account?
Checks and other transactions made using your checking account number.
Automatic bill payments.
Pre-authorized transactions using your debit card.
Everyday debit card transactions.
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 Pathways Financial Credit Union pays my overdraft?
We will charge you a Courtesy Pay fee of $19.00 each time we pay an overdraft.
There is a limit of five (5) overdraft fees per day on the total fees we can charge you for overdrawing your account.
What if I want Pathways Financial 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 us at (800) 765-4928, complete the form below and click Submit, provide your consent in person at any branch or mail your consent to us at Pathways Financial Credit Union, Attn: Compliance Dept., 5665 North Hamilton Road, Columbus, OH 43230.
You can revoke your authorization for Pathways Financial Credit Union to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and the last 4 digits of your account number so that we can properly identify your account.