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:
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:
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
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 I be charged if AOD Federal Credit Union pays my overdraft?
Under our standard overdraft practices:
What if I want AOD Federal Credit Union 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, call 256.237.9494 or 800.637.0299, fax to 256.237.3285, visit www.aodfcu.com, or complete the form below and present it at one of our office locations, or mail it to:
AOD Federal Credit Union
P.O. Box 608
Bynum, AL 36253
After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below).