Your checking account is called a Share draft account. This account offers exceptional value with no monthly service charge and no minimum balance. Once you have established a checking account you will also have the ability to enroll your account into Bill Pay absolutely free of charge. You will receive a monthly statement detailing cashed checks, deposits made to your account, ATM usage, and POS transactions. You can also protect yourself and your credit record by establishing Overdraft Protection on your FHCU checking account. You can designate either a savings or money market account. Then, if you overdraw your checking account, the overdrawn amount will be transferred from the designated account.
The fee for each overdraft protection transfer to cover an item is only $1.00 per item. No more than six (6) preauthorized, automatic, telephone, or Online Banking transfer may be made from your Savings, Christmas, and Money Market accounts to another account or to a third party in any month. This is referred to as a Reg D, which is a Federal Regulation.