When there’s not quite enough in your checking account…
At times, a mistake, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to non-sufficient funds (NSFs) can be an embarrassing and humiliating experience.
ElecTel Cooperative FCU encourages you to manage your accounts responsibly and we do not encourage “overdrafts” or NSFs that would take your account into the negative. However, we want to help you avoid the embarrassment, additional merchant fees, or damage to your credit history that could result if a check is returned.
ElecTel understands that sometimes things just happen. Overdraft Courtesy Pay, a non-contractual overdraft service, gives you the peace of mind to know that your items will be covered. The fee per item is $23. This service will only apply after we have attempted to draft from your share (savings) account, any other linked share accounts, and your overdraft line-of-credit.
To avoid overdrawing your account:
- Monitor your balances through online banking
- Set account alerts to receive low balance alerts
- Contact our ElecTel team for assistance with budgeting
To set up your overdraft protection coverage, please access the contact us page here: Contact Us – ElecTel Cooperative Federal Credit Unionopens in a new window.
