Overdraft Services
Overdraft Protection
ATFCU offers members overdraft protection to pay checks, VISA Check Card transactions, point-of-sale transactions, ACH items and ATM withdrawals when there are insufficient funds in your checking account at the time of presentment. If overdraft protection is selected on a share account, funds are transferred from other share accounts of the member in increments of $50 to cover the amount of the withdrawal.* A $5 transfer fee is incurred for this service and any fees that would have been charged by a merchant will be avoided.
*Transfer Limitations. For all savings and Money Market accounts, you may make no more than six (6) transfers and withdrawals from your account to another account of yours or to a third party in any month by means of a preauthorized, automatic or internet transfer, by telephonic order or instruction, or by check, draft, debit card or similar order.
Overdraft Privilege
ATFCU offers members with established account histories, in good standing, an “Overdraft Privilege” service to pay checks, Visa Check Card transactions, point-of-sale transactions, ACH items and ATM withdrawals that are drawn against insufficient or unavailable funds at the time of presentment. Unavailable funds include funds on hold from a check deposit or funds on hold from a debit card transaction authorized but not yet cleared. This discretionary member courtesy could save you the embarrassment of returned items and expensive merchant fees. The standard $24 NSF (Courtesy) fee will still be imposed by ATFCU and any fees that would have been charged by a merchant will be avoided. Payment of an NSF item is at the sole discretion of ATFCU and based on a members overall relationship with the credit union to a maximum limit of $500 including fees. All overdrafts for transactions and fees should be paid within a timely manner. An account that remains negative, past a 45 day grace period, will be closed and negative amounts will be reported to the appropriate agency.
Due to Changes in Recent Regulations, You Must Opt-In to Receive Overdraft Services on ATM and Everyday Debit Card Transactions
Overdraft privilege could save you the hassle and embarrassment of declined transactions at your local restaurant or merchant and offers you peace of mind for the times when you need it most. In order for us to provide this service, you must Opt-In. You may opt-in electronically, by phone, or at any of our branch locations.
To opt-in electronically:
- Log on to MemberConnect.
- Select eServices from the main menu.
- Then, select Opt-In ATM/Debit Overdraft.
To opt-in by phone:
- Call 512.302.5555, ext 7190 or 800.252.1310, ext. 7190.
You may also print the Overdraft Services Opt-In Form and drop it off at one of our branch locations or mail it to
Austin Telco FCU
Attn: Member Services
8929 Shoal Creek Blvd
Austin, TX 78757
