Premium Overdraft Plus

Important Information Regarding Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your accounts to cover a transaction, and your financial institution pays it for you. We can cover your overdrafts for checks, ACH withdrawals, ATM withdrawals, and debit transactions in two different ways.

Please note: We pay overdrafts at our discretion, which means that 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.

1. Premium Overdraft Protection

This is the standard overdraft practice that automatically comes with your account.
With the standard overdraft protection, FAIRWINDS Credit Union will authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

ATM transactions and everyday debit card transactions are not included in the standard overdraft protection. If you would like to have FAIRWINDS authorize and pay overdrafts for ATM transactions and everyday debit card transactions, you can enroll, at no charge, in the Premium Overdraft Protection PLUS program.

2. Premium Overdraft Protection PLUS

This overdraft protection plan requires you to enroll, at no charge. FAIRWINDS Credit Union will authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
  • ATM transactions
  • Everyday debit card transactions

How much will the credit union charge for paying my overdraft(s)?

  • Under the Premium Overdraft Protection and the Premium Overdraft Protection PLUS programs, we will charge you a fee of $35 each time we pay an overdraft.
  • We will not charge fees on ATM and debit card items that are less than $5.
  • There is no limit on the total fees we can charge you for overdrawing your account.