Overdraft Protection
Overdraft Protection and Overdraft Privilege
Life happens!
Community Powered FCU understands that unexpected overdrafts occur from time to time.
Overdraft Coverage can help.
Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts.
| Service | Cost |
| Overdraft Protection Link to Another Deposit Account you have at Community Powered FCU1 |
$10 Transfer fee to cover ACH and checks $15 Transfer fee to cover POS items |
| Overdraft Protection Line of Credit 1, 2 | Subject to fees + interest |
| Overdraft Privilege Standard or Extended | $25 Overdraft Privilege Fee per item presented*. |
1Call us at (302) 368-2396 or come by a branch to sign up or apply for these services.
2Subject to credit approval.
*Per item presented means each time an item is presented, including representment.
Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from your primary share account or line of credit you may have at Community Powered FCU for a fee. Please note that overdraft lines of credit are subject to credit approval.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.
| Transactions Covered with Overdraft Privilege |
Standard Coverage (No action required) |
Extended Coverage (Your consent required)* |
| Checks | X | X |
| ACH – Automatic Debits | X | X |
| Recurring Debit Card Payments | X | X |
| Online Bill Pay items | X | X |
| Internet Banking Transfers | X | X |
| Telephone Banking | X | X |
| Teller Window Transactions | X | X |
| ATM Withdrawals | X | |
| Everyday Debit Card Transactions | X |
1Call us at (302) 368-2396 or come by a branch to sign up or apply for these services.
2Subject to credit approval.
*Per item presented means each time an item is presented, including representment.
Allow yourself to end the downward spiral once and for all so you can put your money towards the things you love to do.
If you would like to select Extended Coverage for future transactions:
- Call us at (302) 368-2396,
- Download, print, and complete the online consent form
- Visit any branch, or
- Complete a consent form and mail it to us at 1758 Pulaski Hwy., Bear, DE 19701
*If you choose Extended Coverage on your checking account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again. You can discontinue the Overdraft Privilege in its entirety by contacting us at (302) 368-2396
