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Overdraft Coverage

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Overdraft Protection and Overdraft Privilege Program (ODP)

Life happens! First Community Credit Union understands that unexpected overdrafts occur from time to time — Outlined below are details explaining your coverage options or you can download the overdraft informational guide pdf. 

FirstCCU Overdraft Coverage Options

Service

Cost

Overdraft Protection: Link to Another Deposit Account you have at First Community Credit Union1

$0 unless more than 6 in a month, then $3.00 fee per transfer

Kwik Cash Overdraft Protection Line of Credit1

Subject to fees + interest

Overdraft Privilege Program (ODP)

$32.00 Paid NSF Fee per item.
Call us at (608) 362-9077, email us at privilege@firstccu.com to sign up or apply for these services; 1subject to credit approval.

Overdraft Protection

These 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 First Community Credit Union for a fee or finance charge. Please note that Kwik Cash overdraft lines of credit are subject to credit approval.

Overdraft Privilege Program (ODP)

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 Program (ODP) is still available as secondary coverage if the other protection source is exhausted.

Transactions Covered with Overdraft Privilege Program (ODP)

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 choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege Program (ODP) Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.

If you would like to select Extended Coverage for future transactions you can:

Additional Overdraft Information

  • A link to another account or a line of credit may be a less expensive option than an overdraft. A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts

  • Good account management is the best way to avoid overdrafts - Use our mobile banking and online banking services

  • The $32 Paid NSF Fee is the same fee amount that is charged if a check is returned as unpaid. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Paid NSF Fee or an NSF Fee of $32. All fees and charges will be included as part of the Overdraft Privilege Program (ODP) limit amount. Your account may become overdrawn more than the Overdraft Privilege Program (ODP) limit amount because of a fee.

  • For consumer accounts, there is no limit on the total Paid NSF Fees per day we will charge. These exceptions do not apply to business accounts.

  • View all additional information on our overdraft informational guide

If you have any questions about Overdraft Protection or Overdraft Privilege Program (ODP), please call us at 608-362-9077