If you would like Maine State Credit Union to pay overdrafts on your ATM and debit card transactions you can fill out the form below and click 'Opt In', or call us at (207) 623-1851 or (800) 540-8707.
Why Should I Opt In?
By opting in , you authorize Maine State Credit Union to cover your ATM and everyday debit card transactions when you do not have enough money in your account. For those times when life doesn't go according to plan, this service may help prevent you the embarrassment of a declined ATM or debit card transaction. The only time you pay a fee for this service is when you use the service - giving you greater flexibility in managing your money.
If you do not opt in your ATM and debit card transactions will NOT be protected under Maine State Credit Union's Member Privilege overdraft service.
What you need to know about overdrafts and overdraft fees:
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. This service saves you the embarrassment and inconvenience of a returned item, a returned item fee, as well as a fee merchants normally charge you for items returned to them.
Our standard overdraft practices are outlined below: We also offer overdraft protection plans, such as a link to a savings account and overdraft lines of credit, which may be less expensive than our standard overdraft practices. To learn more about these plans, please contact the credit union.
Under our standard overdraft practices:
1) We automatically authorize and pay overdrafts for the following types of transactions:
· Checks and other transactions made using your checking account number
· Automatic bill payments
2) You must authorize us to pay overdrafts for the following types of transactions:
· 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.
3) Below are the overdraft fees when the credit union pays for your overdraft:
· We will charge you a fee of up to $25 each time we pay an overdraft.
· The maximum number of overdraft fees you may be charged in a day for overdrawing your account is five (5), or $125.
