Overdraft Protection

Woman at counter paying with a debit card

Life happens! Education First Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage Can Help!

Overdraft Coverage Options:

  • Overdraft Protection
    Links to another deposit account you have at Education First Credit Union (no charge, some restrictions may apply).

    Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account you may have at Education First Credit Union.

  • Overdraft Privilege
    Overdraft Privilege allows you to overdraw your Account up to the disclosed limit for a fee in order to pay a transaction. The Account must be in good standing, and payment of items is discretionary. $33.00 Overdraft Fee per Item.

With Overdraft Privilege you have two options: Standard Coverage and Extended Coverage.

Transactions Covered with Overdraft Privilege Standard Coverage
(No Action Is Required)
Extended Coverage
(Your Consent Required)
Checks Yes Yes
ACH – Automatic Debits Yes Yes
Recurring Debit Card Payments Yes Yes
Online Bill Payment Items Yes Yes
Internet Banking Transfers Yes Yes
Telephone Banking Yes Yes
Teller Window Transactions Yes Yes
ATM Withdrawals* Yes
Everyday Debit Card Transactions* Yes

*If you choose Extended Coverage, ATM Withdrawals and Everyday Debit Card Transactions will be included with the transactions listed under Standard Coverage.

You must opt-in for Education First Credit Union to pay overdrafts caused by ATM and everyday debit card transactions.

Call us at 614-221-9376

Visit One of Our Offices

Send us an email at servicecenter@educu.org

Frequently Asked Questions (FAQs)

You may discontinue the Overdraft Privilege in its entirety by contacting us at 614-221-9376 or sending us an email at servicecenter@educu.org.