Overdraft Options

Emergencies happen, set up a safety net for your finances.

Dealing with overdrafts can be costly, but FCCU has other less expensive overdraft option plans that may serve you better in addition to or in lieu of the Overdraft Privilege Program. Give us a call at 281.856.5300 or stop by to talk about these alternatives which may include automatic account transfers from a line of credit and/or savings account.

Overdraft Transfers

Opt-in to Overdraft Transfers to increase your peace of mind when you don't have enough funds in your account. We'll automatically use your back up funds such as your line of credit or share (savings) account to cover your transaction for a small fee of $5.

 

Overdraft Privilege (ODP)¹

Overdraft Privilege allows you to overdraw your checking account up to a pre-determined limit to pay a transaction. A fee is charged each time we pay an overdraft. Please see the fee schedule below. For overdraft transactions under $5, we will not charge to cover these transactions. A fee will appear in your account but will be refunded the next business day. FCCU will strive to pay your reasonable overdrafts as a discretionary courtesy and not a right or obligation up to the pre-determined ODP limit on your account, including the ODP fee for each transaction as long as your account remains in good standing.

¹Overdraft Options are available at account opening for most consumer checking accounts being maintained in good standing and the member is 18 or older. Standard Overdraft Practices automatically come with most checking accounts. To have debit and ATM transactions covered, you must Opt-In to Enhanced ODP. Overdraft Transfers and Overdraft Boost are options. Thereafter, account must remain active and you must maintain your account in good standing. Nominal fees on a tiered structure of $10 for the first overdraft, $28 for the second through fourth transactions and $35 for the fifth transaction and beyond in a 12-month rolling period may apply for the service selected. Overdrafts must be covered to bring the account to a positive status within 30 days to avoid further action being taken. Payment by First Community is a discretionary courtesy and not a right of the account holder or an obligation of First Community Credit Union. First Community reserves the right to decline to pay any transaction if a loss has occurred to First Community. .

²Overdraft Options are available on most FCCU consumer checking accounts being maintained in good standing and the member is 18 or older. Standard Overdraft Practices automatically come with most accounts. For debit and ATM transactions to be covered, you must Opt-in to Enhanced Overdraft Privilege. Overdraft Transfers are an option. Nominal fees on a tiered structure of $10 for the first overdraft, $28 for the second through fourth transactions and $35 for the fifth transaction and beyond in a 12-month rolling period may apply for the service selected. Overdrafts must be covered to bring the account to a positive status within 30 days to avoid further action being taken. First Community reserves the right to decline to pay any transaction if a loss has occurred to First Community.