Whether it's an honest mistake balancing your checkbook, an unforeseen expense or temporary shortfall, sometimes your balance can fall on the wrong side of zero. Fortunately, SJFCU can help make sure a small concern doesn't turn into a big headache. Save the expense and anxiety of returned checks...and the embarrassment of being denied at the ATM or Point of Sale with Overdraft Privilege from South Jersey Federal Credit Union. With Overdraft Privilege, SJFCU will honor an overdraft transaction up to a maximum preset limit automatically. All you need is an eligible Checking or Money Market Account. There's no application necessary...nothing to sign. If you qualify, your Overdraft Privilege amount will be automatically assigned!
The fee for Overdraft Privilege is the same as for checks drawn against insufficient funds. For each item paid by Overdraft Privilege, $25 will be deducted from your account. The difference is that, because SJFCU will clear your check instead of sending it back unpaid, you won't incur additional charges from the merchants, vendors, etc. to whom you wrote the check in the first place! It also helps you to avoid the embarrassment of being declined at the register or short a few dollars at the ATM. Time, money and anxiety saved can really add up!
With and Without Overdraft Privilege |
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| With |
Without |
|
| Check Amount: | $10.00 |
$10.00 |
| SJFCU Fee: | $25.00 |
$25.00 |
| Merchant Fee: | $ 0.00 |
$35.00 |
| You Pay: | $35.00 |
$70.00 |
Whether you qualify or not for Overdraft Privilege depends on a number of factors including how long your SJFCU checking account has been open and whether it has been maintained in good standing. To find out more, call the credit union at (800) 582-7640.
