Overdraft Protection
This account feature allows B.O.N.D. Community Federal Credit Union members to automatically transfer funds from their share/savings account, or even other member accounts within the credit union, to cover checks trying to clear your share draft/checking account when there are not enough funds on deposit*.
*See our Summary of Fees
Overdraft Protection vs. Courtesy Pay
Overdraft Protection allows funds to be transferred from a previously designated account to pay an item. Overdraft protection will NOT allow the account to overdraw (go into a negative balance) to pay an item. A line of credit can be set up to be used for overdraft protection.
Courtesy Pay is a non-contractual courtesy, offered at the sole discretion of the credit union, to members who maintain their Share Draft accounts in good standing. Any Courtesy Pay amount covered by B.O.N.D. Community FCU in the Courtesy Pay process is not considered an account holder loan and is not subject to interest being charged. Each overdraft item that is paid is subject to the Courtesy Pay fee.
Please, contact our Member Services Officer at 404-525-0619 (Local) or 1-866-525-0619 (Out of State) ext. 219 for more details.
