Overdraft Protection

JSC FCU Overdraft protection

Beginning August 15, 2010, JSC FCU will offer privilege pay on ATM and debit card transactions. If you qualify for privilege pay, the credit union may pay your overdraft ATM or debit card transaction rather than deny the transaction. If you would like to take advantage of this service, you will need to Opt-In.

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 savings or line of credit account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

Standard Overdraft Practices included with your JSC FCU account

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

  • Checks and other transactions made using your checking 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.

Fees charged if JSC FCU pays an overdraft

Under our Standard Overdraft Practices:

  • We will charge you a fee of up to $26 each time we pay an overdraft. Fee Schedule
  • There is no limit on the total fees we can charge you for overdrawing your account.

Authorize JSC FCU to pay overdrafts on your ATM and everyday debit card transactions

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please do one of the following:

  • Call us at 281.488.7070 or toll-free at 800.940.0708 and state that ‘I want to Opt-In for Overdraft’.
  • Via Secure Messaging in eBanking, request to ‘Opt-In for overdraft for ATM/everyday debit transactions’.
  • Enroll Online



What is the difference between an overdraft fee and an insufficient funds fee?

An overdraft fee can occur if you have overdraft protection set up on your savings account and you do not have enough money in your checking account to cover a transaction, clearing your checking account. Fee Schedule

An insufficient funds fee can occur if you write a check for an amount greater than what is available in your checking account. Fee Schedule

Why was I charged an overdraft fee or privilege pay fee when I have money in my account?

This is either due to a hold on a check deposit, a shared branch deposit, an ATM deposit, or a debit card authorization.

Why is my privilege pay suspended?

Privilege pay is suspended if your account is negative past 30 days. If your account is not paid in full in 45 days the account is closed and charged off. If the account is paid in full before the 45 days the privilege pay will be reinstated when the account has a positive balance for a full business day


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