Overdraft Coverage Options
Overdraft Protection & Overdraft Privilege
Sabine Federal Credit Union (Sabine FCU) understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Overdraft coverage options
The choice is yours. Consider these ways to cover overdrafts:
Service | Cost |
|---|---|
Overdraft Protection link to one or more deposit accounts you have at Sabine FCU1 | $3 fee per transfer |
Line of Credit1,2 | Subject to interest |
| Overdraft Privilege Standard or Extended Coverage | $30 Paid NSF Fee per item presented* |
1 Call us at (409) 988-1300, email us at sabine at sabinefcu dot org, or come by one of our full-service branches to sign up or apply for these service(s).
2 Subject to credit approval.
* Per item presented means each time an item is presented, including representment.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at Sabine FCU for a fee or finance charge. Please note that lines of credit are subject to credit approval.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.
Transactions Covered with Overdraft Privilege | Standard Coverage | Extended Coverage |
|---|---|---|
| Checks | X | X |
| ACH - Automatic Debits | X | X |
| Recurring Debit Card Transactions | X | X |
| Online Bill Pay Items | X | X |
| Teller Window Transactions | X | X |
| ATM Transactions | X* | |
| Everyday Debit Card Transactions | X* |
If you would like to select Extended Coverage for future transactions:
• call us at (409) 988-1300
• complete the online consent form found by clicking here.
• visit any branch
• complete a consent form and mail it to us at P.O. Box 3000 Orange, Texas 77631
• email us at sabine at sabinefcu dot org
*If you choose Extended Coverage on your account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended Coverage, it is not necessary to request it again.
You can discontinue Overdraft Privilege in its entirety by contacting us at (409) 988-1300 or sending us an email at sabine at sabinefcu dot org. If you are receiving this communication via letter, please provide us with a valid email address to receive future communications via email rather than by postal service.
For additional information/disclosures regarding our overdraft coverage options, please log into online banking.
If you have any questions about Overdraft Protection or Overdraft Privilege, please call us at (409) 988-1300 or visit a branch.