ATM/Debit Card Application

An Overdraft occurs when you do not have enough funds in your account to cover a transaction. As a service, we can cover your overdrafts in two different ways or in combination of both:

1. We offer Overdraft Advance courtesy pay that comes with your account.
2. We also offer an Overdraft Protection Plan that links to your share account to cover any overdrafts, which may be less expensive. Available funds in your Share Savings Account or other accounts that you designate are accessed first to cover overdrafts, before Overdraft Advance is activated.

What are the procedures for Overdraft Advance if my account is overdrawn?

We do pay overdrafts for the following types of transactions up to a $400.00 limit on all transactions at any one time:

• Drafts/Checks and other transactions using your checking account number.
• Automatic Bill Payments

We do not authorize and pay overdrafts for the following types of transactions unless you request us in writing to do so:

• ATM transactions
• Debit Card transactions

Overdraft Advance coverage will be available 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 I overdraft my account?

If we pay the transaction with Overdraft Advance you will be charged $30.00 per transaction.

If we do not pay the transaction with Overdraft Advance you will be charged $30.00 per transaction, plus you may be subject to penalties from the merchant.

• There is no limit to the number of total fees we can charge you for overdrawing your account.
• Overdraft items will be posted in accordance with Best Reward Federal Credit Union's existing account procedures.