Life happens! Chesterfield Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Last Revision: 3/29/2016

Overdraft Coverage Options

The choice is yours. Consider these ways to cover overdrafts:

1 Contact us at 804-748-1417 to apply for these services.

Overdraft Protection

Overdraft Protection services apply to all types of transactions and allow you to link other sources, such as another account at Chesterfield Federal Credit Union, to your checking account to pay an overdraft transaction for a fee.

Overdraft Privilege

Overdraft Privilege allows you to overdraw your account for a fee in order to pay a transaction.

Transactions Covered with
Overdraft Privilege
Standard Coverage
(No Action Required)
Extended Coverage
(Your Consent Required*)
Checks
X
X
ACH - Auto Debits
X
X
Recurring Debit Card Payments
X
X
Online Bill Pay Items
X
X
Net24 Home Banking Transfers
X
X
Dial24 Telephone Banking Transfers
X
X
ATM Withdrawals

X
Everyday Debit Card Purchases

X

If you would like to select Extended Coverage for future transactions:

*If you choose Extended Coverage, all the transaction types listed in Standard Coverage are included, along with ATM withdrawals and everyday debit card transactions. You can discontinue the Overdraft Privilege in its entirety by contacting us at 804-748-1417 or visiting any branch location. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again.

What Else You Should Know

If you have any questions about Overdraft Protection or Overdraft Privilege, please call us at 804-748-1417 or visit any branch.