Overdraft Privilege
Bouncing a check can be embarrassing, and expensive. At Eastern, we offer you a way to eliminate the problems associated with bounced checks with Overdraft Privilege, automatically added to your ENY FCU checking account.
- Reduce or eliminate bounced checks and returned check charges from merchants
- Simple and convenient
- Access your Overdraft Privilege for all checks written, in-person withdrawals, ACH debits, preauthorized automatic transfers, and telephone-initiated transfers
- You do not need to do anything to activate this service
- If you don’t use it, it won’t cost you anything
The eligibility requirements for maintaining the Overdraft Privilege are listed in the Overdraft Privilege Account Disclosure (click here to download). With the Overdraft Privilege, we will generally pay your overdraft items up to $300. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. You will be charged our normal overdraft or return item fee of $25 for each item that is presented, and you must bring your account to a positive balance within 30 days. If you have any questions, just call us at (800) 223-1413. In the event that you would not like to have this valuable service on your account, simply contact us and we will provide you with an opt out form to complete and return to us.
