Overdraft Program Options
| Service | Cost |
|---|---|
| Overdraft Protection link to another deposit account you have at American Heritage Credit Union1 | Free†. |
| Line of Credit1, 2 | Subject to interest. |
| Overdraft Privilege | $10 per presentment fee for resulting negative balance less than or equal to $25; $15 per presentment fee for resulting negative balance greater than $25. |
Overdraft Protection and Line of Credit services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at American Heritage Credit Union for a finance charge. Please note that overdraft lines of credit are subject to credit approval.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order 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.
Transactions Covered with Overdraft Privilege | Overdraft Privilege (No action required) | Overdraft Privilege Plus (Your consent required)* |
|---|---|---|
| Checks | X | X |
| ACH - Automatic Debits | X | X |
| Recurring Debit Card Payments | X | X |
| Online Bill Pay Items | X | X |
| Teller Window Transactions | X | X |
| ATM Transactions | X* | |
| Everyday Debit Card Transactions | X* |
WANT TO TAKE THE FIRST STEP TO START SAVING?
Protect Yourself from Overdrafts
†Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit card transaction (if member has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer, or paying a check, draft, or item. You may consult the Funds Availability Policy Disclosure for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item, or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information. For ATM and one-time debit card transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the credit union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges.
1Call us at 215.969.0777, visit OnLine or Mobile Teller at Card Services -> Overdraft Privilege, email us at memberservices@amhfcu.org, or visit your local branch to sign up or apply for these services;
2 Subject to credit approval.
*If you choose Overdraft Privilege Plus, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Overdraft Privilege. You can discontinue Overdraft Privilege in its entirety by contacting us at 215.969.0777 or sending us an email at memberservices@amhfcu.org.