With our busy lives, it's easy to make mistakes such as forgetting to deposit a check, make a transfer, or deduct your last debit charge from your balance. A simple error or balance miscalculation can lead to an unexpected shortage of funds.
Allegiance may have the solution you're looking for with our Overdraft Privilege program. Overdraft Privilege is not a line of credit. However, if you inadvertently overdraw your account, we will have the discretion to pay the overdraft, subject to your Overdraft Privilege. Allegiance will not pay overdrafts for ATM or everyday check card transactions unless you have given your consent by obtaining extended coverage to the payment of these overdrafts.
Accounts will be charged the standard Overdraft fee of $27.50 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and $27.50 for items returned. An overdrawn balance must be repaid within 32 days. We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account a positive balance within every thirty-two (32) day period for a minimum of 24 hours, if you default on any loan or other obligation to Allegiance Credit Union or if your account is subject to any legal or administrative order or levy.