Overdraft Coverage
Overdraft Coverage can help you
prevent unexpected
overdrafts.
Put your mind at ease
Life happens! Via Credit Union 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 ViaCU1 | $2.00 fee per transfer |
| Overdraft Protection: Line of Credit1,2 |
Subject to interest |
| Overdraft Privilege: Standard or Extended Coverage | $20.00 O/D Privilege Fee per item presented* |
1Call us at 765.674.6631 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: applies 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 Via Credit Union 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 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 the "What Else You Should Know" for other important information.
| Transactions Covered with Overdraft Privilege |
Standard Coverage (no action required) |
Extended Coverage (consent required)3 |
|---|---|---|
| Checks | X | X |
| ACH - Automatic Debits | X | X |
| Recurring Debit Card Transactions | X | X |
| Online Bill Pay Items | X | X |
| Everyday Debit Card Transactions | X3 |
3If you choose Extended Coverage on your consumer
account, ATM transactions and everyday debit card transactions will be included
with the transactions listed under Standard Coverage. If you already have Overdraft Privilege
Extended Coverage, it is not necessary to request it again. Business accounts automatically have
Extended Coverage.
If you have a debit card and would like to select Extended Coverage for future transactions, call 765.674.6631, visit any branch or complete the online consent form by logging into ViaConnect, selecting "More Services" then "Overdraft Coverage".
You can discontinue Overdraft Privilege in its entirety by calling 765.674.6631.