WHAT YOU NEED TO KNOW ABOUT OVERDRAFT SERVICES AND 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:

Overdraft Protection

  • Overdraft Protection, such as a link to a savings account or other share draft account, comes with your account and may be setup at your request.
  • Overdraft Protection will draw available funds from your savings account or other share draft account to pay any item before using Overdraft Privilege to pay insufficient funds.

Overdraft Privilege

  • With Overdraft Privilege, we have your back should you inadvertently overdraw your account.
  • Upon qualification, this service not only is available for Automatic payments (ACH items), checks, and other transactions made using your checking account number, but may be available to you for ATM transactions and when you use your debit card for purchases at retail merchants.

Standard Overdraft Practices

  • We do authorize and pay overdrafts for the following types of transactions:
  • Checks and other transactions made using your checking account number
  • Automatic payments (ACH items)
  • We do not authorize and pay overdrafts for the following types of transactions unless you ask us to ( consent 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?

  • A fee of up to $27.50 will be charged each time we pay an overdraft.
  • A fee of up to $27.50 will be charged each time we return an item. Additional merchant fees may apply.

Consent

All fields are required.
YES I want Overdraft Privilege to authorize and pay overdrafts on ALL my ATM, everyday debit card transactions, checks, automatic payments (ACH), and other transactions made using my checking account number.
I ONLY want Overdraft Privilege to authorize and pay overdrafts on my checks and automatic payments (ACH).
NO I do not want Allegiance Credit Union to authorize or pay any overdraft transactions on my account.




I/We confirm that I/We have read and understand the following disclosure regarding my right to opt in or opt out of the financial institution paying my ATM or one time debit card transactions. I also agree to receive my confirmation of my opt in or opt out decision by mail.

I understand that I have an ongoing right to change this consent at any time.

Security Code

Please enter the letters and numbers from the image above.

Alternative Ways to Consent

  • By Phone

    Call 1-800-505-3328 or 405-789-7900 and press option 0.

  • By Mail

    Print the Overdraft Privilege Consent form and mail it to: Allegiance Credit Union, Attention Call Center, P.O. Box 57020, Oklahoma City, OK 73157-7020

  • In Person

    Visit any branch location and a Representative will be happy to assist you.