Main Phone: 614-221-9376   |   Toll Free: 1-866-628-6446   |   Routing Number: 244077271 x
  • Overdraft Options

Overdraft Coverage Options

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 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.

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 allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction.

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

X

X

ACH – Automatic Debits

X

X

Recurring Debit Card Payments

X

X

Online Bill Payment Items

X

X

Internet Banking Transfers

X

X

Telephone Banking

X

X

Teller Window Transactions

X

X

ATM Withdrawals

X*

Everyday Debit Card Transactions

X*

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

What if I want Education First Credit Union to pay overdrafts caused by ATM and everyday debit card transactions (Extended Coverage)?

For Frequently Asked Questions (FAQs) Click Here

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

For Additional Information and Resources Click on the Following Links:
Steps for Balancing Your Check Book
Creating a Budget
Debt Reduction Strategies
Strategies for Saving
Money Management References
Steps to Better Money Management
Consumer Financial Protection Bureau

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