Consent for Overdraft Services
 GPO's Privilege Pay

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 overdraft 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 your 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 types of transactions:

    • Checks and other transactions made using your share draft checking account number.
    • Automatic bill payments.

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

    • Everyday debit card transactions.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.


What fees will I be charged if GPO 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 you for overdrawing your account.

 

What if I want GPO to authorize and pay overdrafts
on my everyday debit card transactions?

If you want us to authorize and pay overdrafts on everyday debit card transactions:
    > Call your nearest branch, or
    > Print this form and present it at your nearest branch, or
    > Complete the form below.

 

Check one:

I do not want GPO FCU to authorize and pay overdrafts on my
     everyday debit card transactions.

I want GPO to authorize and pay overdrafts on my everyday
     debit card transactions.

 

Fill out the required information and click submit:

 First Name      Middle

 Last Name  

 Street Address  

 City    State    Zip  

 Telephone Number  

 E-Mail Address  

Click here ONLY if you have multiple checking accounts with GPO (in your name
      or joint owner) and want to opt-in to overdraft protection to all of your accounts.

If you are opting in to overdraft protection as a joint owner on another account(s), please list name of the primary account holder(s): 

 

You have the right to revoke this authorization at any time by contacting the credit union.