SafetyNet Enrollment

 

CME Federal Credit Union

 

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. 

 

We can cover your overdrafts in two different ways:

)               -We have standard overdraft practices that come with your account.

)               -We also offer overdraft protection plans, such as a link to a share account, which may be less expensive than our standard overdraft     practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.


What are the standard overdraft practices that come with my account?

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

    -Checks and other transactions made using your share draft account number

    -Automatic bill payments

 

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

    -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.


What fees will I be charged if CME pays my overdraft?

-We will charge you a fee of up to “$30.00” per overdraft.

-There is no limit on the total fees we can charge you for overdrawing your account.

What if I want CME to authorize and pay overdrafts on my ATM and everyday debit card transactions?

      If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form below and take it to any CME branch or mail to: P.O. BOX 267121 Columbus OH 43226-2171. Call (614) 224-8890 or toll free (888)224-3108 if you have other questions. 




Please Note that you may reinstate or revoke your Opt-In decision at any time.

     Yes; I do want CME to authorize and pay overdrafts on my ATM and everyday debit card transactions.

     No; I do not want CME to authorize and pay overdrafts on my ATM and everyday debit card transactions.

Member Number:     Last Name: 

 





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