What You Need to Know about Overdrafts and Overdraft Fees
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we
pay it anyway. We can cover your overdrafts in two different ways:
1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to a savings account, which may be less
expensive than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
and pay any type of transaction.
What fees will I be charged if Heart of Louisiana Credit Union pays my overdraft?
Under our standard overdraft practices:
We will charge you a fee of $25 each time we pay an overdraft.
There is no limit on the total fees we can charge your for overdrawing your account.
What if I want Heart of Louisiana Credit Union to authorize and pay overdrafts on my ATM and
everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions,
call 1-800-264-4562, complete the form below and either drop it off at any of our locations, mail it
to PO Box 4030 Pineville, LA 71361, fax it to 318-449-5519 or log on to www.heartcu.org.
pay it anyway. We can cover your overdrafts in two different ways:
1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to a savings account, which may be less
expensive than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
- What are the standard overdraft practices that come with my account? We do authorize and pay overdrafts for the following transactions:
- Automatic bill payments
-
Checks and other transactions made using your checking
account number
-
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to
- ATM transactions
- Everyday debit card transactions
(see below):
and pay any type of transaction.
What fees will I be charged if Heart of Louisiana Credit Union pays my overdraft?
Under our standard overdraft practices:
We will charge you a fee of $25 each time we pay an overdraft.
There is no limit on the total fees we can charge your for overdrawing your account.
What if I want Heart of Louisiana Credit Union to authorize and pay overdrafts on my ATM and
everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions,
call 1-800-264-4562, complete the form below and either drop it off at any of our locations, mail it
to PO Box 4030 Pineville, LA 71361, fax it to 318-449-5519 or log on to www.heartcu.org.