Overdraft Protection from savings is optional and must be authorized in writing, so to apply, contact us today. Don’t wait until the need for the Overdraft Protection from savings comes up and you don’t have it!

If you have a 705 FCU checking account and choose not to have some type of overdraft protection, there are many risks involved. Not only do you risk having checks returned if you do not have enough funds to cover clearing items, but you also risk the embarrassment of attempting to make a purchase and being denied. Plus, overdraft protection from savings is free if you never use it, so it costs you nothing to be cautious!

If funds are available when an overdraft occurs, enough funds will be transferred from your savings to pay the overdraft and the fee incurred. Funds available include all collected funds over the par value of $25.00. A fee of $10.00 will be charged for each day a transfer is made, however if the overdraft option is never accessed, no fees will be paid. Funds transferred will be enough to bring the account balance to zero after the check is paid and the service charge is applied.

Overdraft Protection from Savings protects your checking account from returned checks due to insufficient funds available by accessing the funds from your regular savings, Super Green, or second savings.