What you need to know about ATFCU Overdraft plans and Overdraft fees
An overdraft occurs when you do not have enough available funds in your account to cover the amount of a transaction but we pay it anyway. It is very important for you to understand the different types of overdraft plans that we offer. The overdraft protection plan allows us to transfer available funds from other accounts you have to pay overdrafts with a nominal transfer fee of $5.00 per transfer. The overdraft privilege plan allows your account to go negative until you have a chance to make a deposit to the account but the fees associated with overdraft privilege are significantly higher; $27.50 per transaction. We highly encourage all of our members to carefully watch their account balances to avoid overdrafts that will cause the higher fee to be charged to your account. Sign up for Alerts through Online Banking so that we can send you an email when your account balance gets low or you have an overdraft so that you can be aware of your account balance and avoid additional fees.
Please look at the information below for additional information about our overdraft protection programs. Austin Telco Federal Credit Union (ATFCU) does not guarantee that we will pay an overdraft that allows your account to go negative. Based on several factors regarding the history of your checking account with ATFCU, we set a maximum limit per day that we will consider allowing your account to go negative including fees. You can log in to Online Banking or call us at 512-302-5555 to inquire of the amount available for overdraft privilege on any given day. The use of overdraft privilege can be costly to you due to the fees charged. We encourage all of our members to only use overdraft privilege when absolutely necessary to avoid multiple fees for small transactions. Accounts that remain negative past a 45-day grace period will be closed and the negative amount will be reported to the appropriate agency.
Overdraft Protection Programs
If you wish to authorize overdraft privilege for ATM withdrawals and one-time debit card transactions you must opt-in.
Call 512-302-5555, ext. 7190.
You may also print the Overdraft Services Opt-In Form and drop it off at one of our branch locations or mail it to
Austin Telco FCU
Attn: Member Services
11149 Research Blvd., Suite 300
Austin, TX 78759
Sign up for E-Alerts to be notified when your account balance gets low or you have an overdraft to avoid additional fees.