OVERDRAFT PROTECTION OPTIONS
We've got your back. Sign up for various Overdraft Protection to avoid fees from Insufficient Funds.
Overdraft Protection Transfer
When your share draft (checking) account balance is too low to cover an outstanding check, an Overdraft Protection Transfer will pay the check so it doesn’t bounce. The money is automatically transferred from your share account’s available balance. There is a $3 fee per transfer.
Overdraft Protection Line of Credit
When your share draft (checking) account balance is too low to cover an outstanding check, an Overdraft Protection Line of Credit will pay the check so it doesn’t bounce. The advances are made as needed as long as your credit is available. We can automatically deduct payments from your paycheck for your convenience.
Overdraft Privilege (Courtesy Pay)
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction.
Legacy Community Federal Credit Union may provide you a specific Overdraft Privilege limit depending on the type of account you have. You will receive a letter approximately 30 days after account opening, for consumer accounts, informing you that Overdraft Privilege has been activated on your account. You do not have Overdraft Privilege until you receive this notification. Even if you have overdraft protection, such as a transfer from another account, Overdraft Privilege is still available as secondary coverage if the other protection sources are exhausted. There is a $32 overdraft fee per item.
Contact Us at (205) 930-5000 or [email protected] for more information.