To apply for any of these services:
Call us at (661) 952-5945,
email us at ememberservice@edwardsfcu.org,
or stop by a branch.
Overdraft Protection
Edwards Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Protection can help.
The choice is yours:
Overdraft Protection Link to Another Deposit Account you have at Edwards Federal Credit Union
$3 fee per transfer
Overdraft Protection Line of Credit*
Subject to fees + interest
* Subject to credit approval.
Overdraft Protection services apply 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 Edwards Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.
Overdraft Privilege
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.
| Transactions Covered with Overdraft Privilege | Standard Coverage (No Action Required) | Extended Coverage (Your Consent Required)** |
|---|---|---|
| Checks | X | X |
| ACH-Automatic Debits | X | X |
| Recurring Debit Card Payments | X | X |
| Online Bill Pay Items | X | X |
| Internet Banking Transfers | X | X |
| Telephone Banking | X | X |
| Teller Window Transactions | X | X |
| ATM Transactions | X** | |
| Everyday Debit Card Transactions | X** |
You can discontinue the Overdraft Privilege in its entirety by contacting us at (661) 952-5945 or sending us an e-mail at ememberservice@edwardsfcu.org.
To select Extended Coverage for future transactions:
Call us at (661) 952-5945, email us at ememberservice@edwardsfcu.org, or stop by a branch.
** If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage.
Accounts will be charged the standard Overdraft fee of $29.00 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and $29.00 for items returned. An overdrawn balance must be repaid within 32 days. We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-two (32) day period for a minimum of 24 hours, if you default on any loan or other obligation to Edwards Federal Credit Union or if your account is subject to any legal or administrative order or levy.