Overdraft Protection & Overdraft Privilege
United Teletech Financial Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
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Overdraft Protection
Applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account you designate, or line of credit you may have at United Teletech Financial Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.
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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 log in to review What Else You Should Know for other important information under disclosures.
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Checks
Checks
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ACH - Automatic Debits
ACH - Automatic Debits
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Recurring Debit Card Transactions
Recurring Debit Card Transactions
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Online Bill Pay Items
Online Bill Pay Items
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ATM Transactions
ATM Transactions
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Everyday Debit Card Transactions
Everyday Debit Card Transactions
Standard Coverage
(No action required)
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Checks
✔
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ACH - Automatic Debits
✔
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Recurring Debit Card Transactions
✔
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Online Bill Pay Items
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ATM Transactions
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Everyday Debit Card Transactions
Extended Coverage
(Your consent required on consumer accounts) *
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Checks
✔
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ACH - Automatic Debits
✔
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Recurring Debit Card Transactions
✔
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Online Bill Pay Items
✔
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ATM Transactions
✔*
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Everyday Debit Card Transactions
✔*
*If you choose Extended Coverage on your consumer 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. Business accounts automatically have Extended Coverage.
You can discontinue Overdraft Privilege in its entirety by contacting us at (732) 530-8100 or sending us an email through online banking. If you are receiving this communication via letter, please provide us with a valid email address to receive future communication via email rather than by postal service.
If you would like to select Extended Coverage for future transactions:
Disclosures
1Call us at 732-530-8100, email us through online banking, or come by a branch to sign up or apply for these service(s); 2Subject to credit approval.