Overdraft Protection

What you need to know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. This service saves you the embarrassment and inconvenience associated with an overdraft including the fees that merchants now commonly charge consumers for the returned check.

Our standard overdraft practices are outlined below. We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more about these plans, please contact the credit union. Under our standard overdraft practices:

We automatically authorize and pay overdrafts for the following types of transactions:

Checks and other transactions made using your checking account number
Automatic bill payments

After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you authorize us to:

ATM transactions
Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

Below are the overdraft fees when the credit union pays for your overdraft:

We will charge you a fee of up to $29 each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account.

If you want us to authorize and pay overdrafts on ATM and everyday debit card transaction, you may call us at 1-877-785-6328, or complete the form below, mail it to PeoplesChoice CU, P.O. Box 488, Biddeford, ME 04005, or present it at a PeoplesChoice CU branch.



Click here, call 1-877-785-6328 or come in to any of our four convenient branches and become a member today!

Click here to become a member!