Opt-In Enrollment

Overdraft Protection Coverage

SCU offers several options for overdraft protection, each thoroughly outlined on the Which Overdraft Option Is Right For You? form. The standard overdraft privilege, known as Courtesy Pay, can be used to cover checks, BillPayer items, ACH, electronic transactions, and recurring debit transactions. You may request overdraft protection coverage for certain ATM withdrawals and debit card purchases. To do so, you must request this service as explained below.

We will not pay your overdrafts for ATM withdrawals and debit card purchases you make at a store, online, or by telephone, unless you tell us you want overdraft coverage for these transactions. Even if you do not request overdraft coverage for ATM withdrawals and debit card purchases, we may still pay your overdrafts for other types of transactions, including checks, ACH withdrawals, and bill payments using your account number. Having overdraft coverage does not guarantee that we will pay your overdrafts. If we decide to pay an overdraft, you will be charged fees as described below. If we do not pay an overdraft, your transaction will be declined, and a return item fee may be charged as explained in your agreements with us.

Overdraft coverage for ATM and debit card purchases differs from other overdraft services we offer, such as linking your account to another account with us or a line of credit. Complete the steps below if you want overdraft coverage to apply to your ATM withdrawals and debit card purchases.

Overdraft Fees

Overdraft Fees: When we pay any overdraft, we may charge you the fees listed below and in the Fee Schedule.

• We will charge you a fee of up to $5 each time we pay an overdraft for transactions $5 or less.
• We will charge you a fee of up to $30 each time we pay an overdraft for transactions over $5.
• We will charge you a $30 NSF fee for each item returned.

SCU will not charge more than three overdraft fees daily for overdrawing your account. Multiple presentments may result in multiple fees. It is important you carefully read the terms of your membership agreement so you can understand when an overdraft may occur and when fees may be charged. Fees may be amended from time to time. Please refer to Rate and Fee Schedule.

Other Ways We Can Cover Your Overdrafts: We offer other ways of covering your overdrafts that may be less expensive, such as linking your account to another account with us or a line of credit. Contact us to learn more about these options.

Overdraft Coverage of Other Transactions (Not ATM or Debit Card Purchases)

We may pay overdrafts caused by other methods such as checks, recurring debit card transactions (gym memberships, etc.), ACH withdrawals, and bill payments using your account number as explained in the Consolidated Agreements & Disclosures, such as with a line of credit, transfer from savings account, or using Courtesy Pay.

How to Cover ATM & Debit Card Purchases

How to Request Overdraft Coverage or Get More Information: To request overdraft coverage for your ATM withdrawals and debit card purchases, or for information about other alternatives we offer for covering overdrafts, please:

• Call us at 1-800-868-8740
• Email us at info@scscu.com
• Enroll online within SCU Online Banking at scscu.com
• Visit your local branch

It is understood when opting into overdraft coverage for ATM and one-time debit card purchases, if the Credit Union decides to pay an overdraft as explained in the membership agreement, a fee will be charged as stated above or in the Rate & Fee Schedule, as may be amended from time to time. This selection shall apply to account(s), whether jointly or individually held. All terms and conditions of the membership agreement shall continue to apply. This selection may be revoked at any time by providing notice in any of the means set forth above. An opt-out will be effective when actually received by State Credit Union and after we have had a reasonable period of time to effectively process your election(s) within applicable systems.