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Overdraft Protection Policy

If the available funds in your share draft account are not sufficient to pay the transaction amount, the FRB FCU will pay the amount and treat the transaction as a request to transfer funds from one of two overdraft options when amount available in one or other is sufficient to pay the deficit:

  • CU Line of Credit Loan, or
  • Share Savings Account (Prime/Regular)

You may select your preference for the first to be accessed. Please refer to the fee schedule for applicable fees.

Your account may be subject to a fee for each overdraft regardless of whether we pay or return the overdraft. We do not have to notify you if your account does not contain sufficient available funds to pay the overdraft. If you initiate a transaction that overdraws together with any service charges to the FRB FCU. In the event of repeated overdrafts, the FRB FCU may terminate all services.

For detailed disclosure review the FRB FCU's Membership & Account Agreement and Funds Availability Policy (20KB PDF) to determine the overdraft protection policy and the availability of funds deposited.

How to bounce-proof your account.

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