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Beware of impersonators! Calls, texts and emails claiming to be Stanford FCU, the IRS, police, government agencies, or an online romance can steal your information or money. Don’t share your login, password, or secure access code, and verify before sending money. Call us first at 888.723.7328opens phone dialer.

What is overdraft protection and NSF?

What is an overdraft?

An overdraft happens when you don’t have a sufficient available balance in your account to cover a transaction. Depending on your choices, the transaction may be approved, declined, or returned. This depends on whether you’ve opted in to any overdraft protection services.

 

What are your options for overdrafts?

You have a few choices:

  • Let the transaction be declined: If you haven’t signed up for overdraft protection, or if the protection doesn’t cover the full amount, the transaction will be denied or returned.
  • Opt into overdraft protection: You can choose from several services that may automatically cover overdrafts.

 

What are the optional overdraft options offered?

  • Automatic Deposit Account-to-Account Transfers:
    • We can automatically move money from your Savings or another Spending or Money Market Account to cover overdrafts.
    • Transfers are made for the exact amount needed.
    • Covers checks, ACH, bill payments, and recurring debit card transactions.
    • You must enroll in this service.
    • No fee for this service.
  • Lines of Credit or Credit Card Advances/Transfers:
    • We can transfer funds from an active Personal Line of Credit or Credit Card to cover overdrafts.
    • Transfers are made for the exact amount needed.
    • Covers checks, ACH, bill payments, and more.
    • You must enroll in this service.
    • Interest or fees may apply, based on your pre-existing credit agreement.
  • Courtesy Pay
    • Courtesy Pay is a backup to the two lower-cost services noted above and will only be activated if funds are not available from those plans, but with this service we may, at our discretion, pay your overdrafts.
    • Covers checks, ACH, bill payments, recurring and one-time debit card transactions.
    • You must be eligible, and you must opt in.
    • A fee applies if we cover a transaction.

 

What is the cost of using Courtesy Pay?

If we pay an item in accordance with Courtesy Pay, we will charge a related fee as disclosed in the Schedule of Fees. The current fees are:

  • $10 fee per transaction covered
  • No fee for transactions $10 or less
  • We limit fees to 4 per day (maximum $40/day)

 

For more information:

For the complete terms and conditions related to overdrafts, overdrawn balances, and your options and responsibilities, please refer to your Account Agreement available in Digital Banking.

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