Overdraft Privilege

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

Standard Coverage
(No action required)

Extended Coverage

(Your consent required) *

If you would like to select Extended Coverage for future transactions:

 

  • Visit any branch
  • Call us at (661) 952-5945
  • E-mail us at ememberservice@edwardsfcu.org
  • Complete the enclosed consent form and mail it to us at 10 South Muroc, Edwards, CA 93524
  • Complete an online consent form for Extended Coverage

 

 

  •  

Checks

X

X

ACH - Automatic Debits

X

X

Recurring Debit Card Payments

X

X

Online Bill Pay Items

X

X

Internet Banking Transfers

X

X

Telephone Banking

X

X

Teller Window Transactions

X

X

ATM Transactions

 

X*

Everyday Debit Card Transactions

 

X*

 

*If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage

 

You can discontinue the Overdraft Privilege in its entirety by contacting us at (661) 952-5945 or sending us an e-mail at ememberservice@edwardsfcu.org.

 

“Accounts will be charged the standard Overdraft fee of $29.00 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and $29.00 for items returned.  An overdrawn balance must be repaid within 32 days.  We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-two (32) day period for a minimum of 24 hours, if you default on any loan or other obligation to Edwards Federal Credit Union or if your account is subject to any legal or administrative order or levy.”