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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. We can cover your overdrafts in two different ways:
  1. We have standard overdraft practices (Courtesy Pay) that come with your account.
  2. We also offer overdraft protection, such as a link to your savings account, which may be less expensive than our standard overdraft practices**. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We may authorize and pay overdrafts for the following types of transactions: As of August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you authorize us to (see below): 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.

What fees will I be charged if Florida Hospital Credit Union pays my overdraft?
Under our standard overdraft practices:
What if I want Florida Hospital Credit Union to authorize and pay overdrafts on my everyday debit card transactions?
To ensure that you maintain the benefits of FHCU Courtesy Pay for Debit Cards, you can opt in different ways. The requested changes to your Courtesy Pay for Debit Cards will not take effect until you receive written confirmation from the credit union.

Regulation E Opt In

Name:
Email:
Phone:
I do not want Florida Hospital Credit Union to authorize and pay overdrafts on my everyday debit card transactions.
I want Florida Hospital Credit Union to authorize and pay overdrafts on my everyday debit card transactions.
Enter the last (2) digits for every account you wish to authorize to have overdrafts on everyday debit card transactions paid on:
By checking this box, have read and understand the information Courtesy Pay for Debit Cards and am allowing my entered accounts to opt in for Courtesy pay for debit cards. I certify that I am the owner of the entered account and have the authority to opt-in to this change on my account.

*Whether your overdraft will be paid is at FHCU’s discretion and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account has reached the $500 allowable negativity limit, or your account has been removed for the Courtesy Pay for Debit Cards program for abuse or negativity extending past the allowable 30 calendar days. *FHCU Courtesy Pay for Debit Cards is different from Overdraft Protection in that it does not transfer money from a credit card, savings account, of home equity line of credit. * An insufficient funds fee of $30 (each time) may be imposed for covering overdrafts created by check, debit card transactions, or other electronic means. **Restrictions Apply, limited by Regulation D refer to your membership and account agreement for details.

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