Overdraft Protection
Kerr County Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:
| Service | Cost |
|---|---|
| Overdraft Protection Link to another Deposit Account you have at Kerr County FCU1 | No fee per transfer |
| Overdraft Protection Line of Credit1, 2 | Subject to fees + interest; subject to credit approval |
| Member Privilege Standard or Extended | $30.00 Overdraft Fee per item presented*. |
1Call us at (830) 896-6800, email us at info@kerrcountyfcu.com, or come by a branch to sign up or apply for these services; 2Subject to credit approval.
*Per item presented means each time an item is presented, including representment.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, or line of credit you may have at Kerr County Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval. Call us at (830) 896-6800, email us at info@kerrcountyfcu.com, or come by a branch to sign up or apply for these services.
Member Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Member Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.
| Transactions Covered with Member Privilege | Standard Coverage (No action required) | Extended Coverage (Your consent required on consumer accounts)* | |
|---|---|---|---|
| Checks | X | X | If you would like to select Extended Coverage for future transactions: • call us at (830) 896-6800 • complete the online consent form found at https://www.kerrcountyfcu.com/wp-content/uploads/2020/12/Overdraft-Privilege-Opt-in-out-Form.pdf • visit any branch • complete a consent form and mail it to us at 3700 Memorial Blvd., Kerrville, TX 78028 • e-mail us at info@kerrcountyfcu.com |
| ACH – Automatic Debits | X | X | |
| Recurring Debit Card Transactions | X | X | |
| Online Bill Pay Items | X | X | |
| Teller Window Transactions | X | X | |
| ATM Transactions | X* | ||
| Everyday Debit Card Transactions | X* |
*If you choose Extended Coverage on your consumer account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Member Privilege Extended Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
You can discontinue Member Privilege in its entirety by contacting us at (830) 896-6800 or sending us an e-mail at info@kerrcountyfcu.com.