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Overdraft Protection Program


Overdraft protection is a checking account feature in which a person has a line of credit to write checks for more than the actual account balance. Instead of getting charged about $25 for bouncing a check, overdraft protection will in effect provide the account holder with an instant loan.


Transfer from savings to checking

The best way to avoid overdraft or non-sufficient funds fees is to carry a sufficient balance in your share account and sign up for automatic transfers* when your checking account is overdrawn. You will only pay a $10 transfer charge, and you will not experience the embarrassment of having your bills unpaid and incurring additional fees from other companies or merchants.

*There is a limit of six (6) electronic transactions per month on a share account.


Overdraft Privilege

Qualifying members can enjoy the peace of mind that checks will be paid even if there are insufficient funds in your account up to a preset limit of up to $700. With overdraft privilege, your checks and electronic transactions are paid so you can avoid merchant returned item fees and negative information being reported to check reporting systems. There's no need to sign up, this is a benefit automatically extended to qualifying CCU members.


How does it work?

Transactions presented against insufficient funds on your account will be paid with overdraft privilege. For each item paid using overdraft privilege, your account will be charged a fee of $30 and you will avoid any additional fees from merchant returned check charges and late fees. You will then have 30 days to bring your account to a positive balance.


Is overdraft privilege a loan?

No. Overdraft privilege is a courtesy automatically extended to qualifying CCU members. CCU will pay your overdraft transactions up to your preset overdraft privilege limit. CCU may suspend your overdraft privilege benefit at any time.


How do I know when I've used overdraft privilege?

You will receive notification when transactions are paid using your overdraft privilege benefit. You may also review your account information 24 hours a day online.


What if I exceed my overdraft privilege limit?

Transactions will be returned unpaid if the amount(s) presented against insufficient funds and fee(s) exceed your overdraft privilege limit.


How do I learn more or opt out of overdraft privilege?

Contact a Member Service Representative at 321-690-2328 or 800-690-2338 or visit your nearest branch.


Overdraft Fees or NSF Fees

If you do not qualify for overdraft privilege and have not set up a transfer from savings program, you will be charged an overdraft or NSF fee of $30 for each item overdrawn, and your checks will be returned without payment.


Fees for Overdrawing Accounts

Fees may be imposed on each check, draft item, ATM card withdrawal, debit card withdrawal, debit card point of purchase, 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 payment of a check, draft or item. You may consult the Funds Availability Policy 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 approval limit.


Please refer to the Fee Schedule for current information.


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