P: (814) 663-3263  •  TF: (855) 628-2328  •  F: (814) 664-2387  •  728 Worth Street, Corry PA  
Opt In Request For Overdraft Privilege
 
Recent regulatory requirements now require members to sign a consent form to participate in overdraft protection (Overdraft Privilege Program) plans for ATM and debit card transactions.  As you know Overdraft Privilege protects your checking account when you don’t have enough funds in your checking account to cover a retail transaction.  Please note that you do not need to sign the form to continue Overdraft Privilege for checks or ACH items.

Click Here For Our Discretionary Overdraft Privilege Policy

 

What You Need to Know about Overdrafts and Overdraft Fees
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.  We can cover your overdrafts in two different ways:

  • We have standard overdraft practices that come with your account.
  • We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices.  To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the Standard Overdraft Practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:

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

After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM transactions
  • Everyday debit card transactions

We pay overdrafts 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 be charged if Corry FCU pays my overdraft?
Under our standard overdraft practices:

  • We will charge you a fee of $25 each time we pay an ATM or debit card transaction overdraft.
  • We will charge you a fee of $25 each time we pay a check or ACH transaction overdraft.
  • There is a limit of $125/day on the total fees we can charge you for overdrafting your account.

What if I want Corry FCU to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions CLICK HERE to submit your Opt In Request.  You may also call 814-663-3263.

 
First Time Users Enroll Here
 
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  This credit union is federally insured by the National Credit Union Administration.
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