Reg E Opt In Form
What you need to know about Overdrafts and Overdraft
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 link to another account or a line
of credit, which may be less costly than our standard
overdraft practices. To learn more about these other
options, visit any branch.
notice explains our standard overdraft practices.
What are the standard overdraft practices that come with my
authorize and pay overdrafts for the following types of
Checks and other transactions
made using your checking account number
Automatic bill payments
not authorize and pay overdrafts for the following types of
transactions without your consent.
Everyday debit card transactions
overdrafts at our discretion, which means we do not
guarantee that we will always authorize and pay any type of
do not authorize and pay an overdraft, your transaction will
What fees will I be charged if GPO Federal Credit Union pays
Under our standard overdraft
We will charge you a fee of
$25.00 each time we pay
We will not charge you a fee if your account is overdrawn
less than $10.00 on any given day
There is no limit per day on the
total fees we can charge you for overdrawing your account
What if I want GPO Federal Credit Union to authorize and pay
overdrafts on my ATM and everyday debit card transactions?
want us to authorize and pay overdrafts for which an
Overdraft fee will be assessed on ATM and everyday debit
card transactions, complete the form below and hit submit,
call (315) 724-1654, or present a printout of this form at a
branch or mail it to: 4311 Middle Settlement Road, New
Hartford, New York 13413.
revoke your authorization for GPO Federal Credit Union to
pay these overdrafts at any time by calling (315) 724-1654,
completing the form below, visiting a branch, or by mailing
your request to revoke your consent in writing to 4311
Middle Settlement Road, New Hartford, New York 13413.
Your revocation must include both your name and your account
number so that we can properly identify your account.