Overdraft




 

Upon your request, we may set up automatic overdraft protection for your Family 1 checking account. When sufficient funds are not on deposit in your checking account to cover a check or debit, we will transfer the amount needed from your shares or other accounts on which you are a signor, up to the available amount. The overdraft funds are then applied to pay checks in the order in which they were presented to Family 1.  We are limited as to the frequency of these automatic transfers by Federal Regulation D.

In addition, you may apply for an overdraft protection from your personal 
line of credit and/or HELOC (Home Equity Line of Credit).  With Overdraft Protection from your line of credit, we will transfer the amount needed, in multiples of $50, up to your available credit, to cover a check or other debit from your checking account when sufficient funds are not available.   Transfers from your HELOC will be made in multiples of $500.                                                                   

            
      
  

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