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Routing/ABA Number: 226082022
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Overdraft Service Credit Union | Overdraft Privilege | PSFCU

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Overdraft Privilege

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 (Overdraft Privilege).
  2. We also offer overdraft protection plans, such as a link to another account (Auto Transfer) or a line of credit, which may be less costly 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 in the form of Overdraft Privilege? 
We do authorize and pay overdrafts for the following types of transactions:
  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We will not authorize and pay overdrafts for the following types of transactions without your consent:

  • ATM transactions
  • 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.
If we do not authorize and pay an overdraft, your transaction will be declined.
To opt in to the Overdraft Privilege for ATM and everyday Debit Card transactions, please fill out and send us this form. You can also opt-in by logging into your Online Banking Account.

What fees will I be charged if Polish & Slavic Federal Credit Union pays my overdraft? 
Under our standard overdraft practices under the Overdraft Privilege program:*
  • We will charge you a fee of up to $29.00 each time we pay an overdraft (Overdraft Privilege fee)
  • There is a limit of $145 per day on the total fees we can charge you for overdrawing your personal/sole proprietor account
  • We will not charge an Overdraft Privilege fee if a personal/sole proprietor account is overdrawn by first $5.00 or less, for each negative balance term
  • View our Overdraft Privilege Disclosure here.
For more information contact your local branch or call our Member Services Support
at 1-855-PSFCU-4U (1-855-773-2848)
*An overdrawn balance must be repaid within 35 days.
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