overdraft privilege options can help
With our busy lives, it’s easy to make mistakes such as forgetting to deposit a check, make a transfer, or deduct your last debit charge from your balance. A simple error or balance miscalculation can lead to an unexpected shortage of funds. When this happens, you have three options.
| Service | Cost |
|---|---|
| Overdraft Protection Flexline of Credit1, 2 | Subject to interest |
| Overdraft Privilege | $30 Overdraft Fee per item presented* |
1Call us at 800.562.6049, option 5, or visit any Service 1st branch to sign up or apply for these services;
2subject to credit approval.
*Per item presented means each time an item is presented, including re-presentment.
At Service 1st, we’ve got you covered with our Overdraft Privilege program. Overdraft Privilege is not a line of credit; however, if you inadvertently overdraw your account, we will have the discretion to pay the overdraft, subject to your Overdraft Privilege.
Service 1st will not pay overdrafts for ATM or everyday debit card transactions unless you have given your consent by extending coverage to the payment of these overdrafts.
Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at Service 1st for a fee or finance charge. 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.
| 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 Transactions | x* | |
| Everyday Debit Card Transactions | x* |
if you would like to select extended coverage for future transactions:
- call us at 800.562.6049, option 5
- log in to Service 1st Online, select “…” then “overdraft protection” then “overdraft privilege” to opt in (for extended coverage only)
- complete the online consent form found at https://www.service1.org/personal/checking/more/printable-forms-disclosures
- or, visit any Service 1st branch
still have questions about overdraft privilege?
Click here for additional information and disclosures.
avoid overdrafts.
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You can discontinue the Overdraft Privilege in its entirety by calling our Overdraft Privilege Manager at 800.562.6049, option 5, or by sending a request to:
Attn: Overdraft Privilege Manager, Service 1st Federal Credit Union, 1985 Montour Blvd., PO Box 159, Danville, PA 17821.