WHAT YOU NEED TO KNOW ABOUT NONSUFFICIENT FUNDS/OVERDRAFTS AND NONSUFFICIENT FUNDS/OVERDRAFT FEES

Nonsufficient funds or an overdraft occur when you have insufficient or unavailable money in your account to cover a transaction, but we pay it anyway. We can cover your nonsufficient funds and overdrafts in two different ways:

  1. We have standard nonsufficient funds and overdraft practices that come with your account. These practices are explained in the account Terms and Conditions.
  2. We also offer overdraft protection plans, such as a link to a savings account or line of credit, which may be less expensive than our standard overdraft practices. Ask us about these plans to learn more.

This notice explains our standard nonsufficient funds and overdraft practices.

What are the standard nonsufficient funds and overdraft practices that come with my account?

We do authorize and pay nonsufficient funds and overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We do not authorize and pay nonsufficient funds and overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM Transactions
  • Everyday debit card transactions

We pay nonsufficient funds and overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
Your transaction will be declined if we do not authorize and pay non sufficient funds or an overdraft.

What fees will I be charged if We Florida Financial pays my nonsufficient funds or overdraft?

Under our standard nonsufficient funds and overdraft practices:

  • We will charge you a fee of up to $39 each time we pay nonsufficient funds or an overdraft
  • There is no limit on the total fees we can charge you for paying with unavailable funds or overdrawing your account

What if I want We Florida Financial to authorize and pay nonsufficient funds and overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay nonsufficient funds and overdrafts on ATM and everyday debit card transactions, select “Opt-in” as your answer to the statement: “I would like We Florida Financial to authorize and pay nonsufficient funds and overdrafts, for which a Courtesy Pay service charge will be assessed, on my ATM and everyday debit card transactions.



 

 

 


 
 


Federally insured by NCUA
 

© Copyright 2018 - We Florida Financial - All Rights Reserved