ATM Overdraft Opt-In

Overdrafts and Overdraft Fees

In an effort to save our members excessive overdraft charges, Franklin Johnstown FCU previously offered our members overdraft protection plans.  The Federal Reserve Board has issued new rules regarding overdrafts which became effective July 1, 2010.  To continue receiving overdraft protection on all of your transactions you must sign and return the authorization form.

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 your share account, which may be less expensive than our standard overdraft practices.

Our standard overdraft practices authorize and pay overdrafts for a $30 fee per overdraft for the following types of transactions:

• Checks and other transactions made using your checking account number.
• Automatic bill payments.

Effective July 1, 2010, we will not authorize and pay overdrafts for the following types of transactions UNLESS YOU AUTHORIZE US TO BY SIGNING AND RETURNING THE AUTHORIZATION FORM.

• ATM transaction
• Everyday debit card transaction

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.

Authorization Application

To authorize and pay overdrafts on your ATM transactions and everyday debit card transactions at Franklin Johnstown FCU you may print the application & return it to a FJFCU location.