Overdraft Privilege is a discretionary overdraft service. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds; however, as long as you maintain your account in "good standing," and you have an established deposit relationship with Stark Federal, we may approve your overdraft items within your current available Overdraft Privilege limit as a non-contractual courtesy.

For overdraft privilege consideration, your account is in "good standing" if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 45 calendar days (including the payment of all credit union fees and charges); (2) avoid excessive overdrafts suggesting the use of Overdraft Privilege as a continuing line of credit; (3) there are no legal orders, levies or liens against your account; and (4) there are no loan or Visa delinquencies.

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
• Recurring debit card transactions

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (Opt-In Form required):

• 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.

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, an “Overdraft Coverage OPT IN Consent form is required. Please contact a Member Service Representative for assistance.

Under our standard overdraft practices: We will charge you a fee of $35 each time we pay an overdraft, and there is a limit of 2 overdrafts per day we charge you for overdrawing your account.

We do allow a $15 grace amount before a fee is charged. This helps eliminate the "$40 cup of coffee" scenario. That is, we try not to charge an overdraft fee that might have resulted from a small purchase.

You should make every attempt to bring your account to a positive end-of-day balance as soon as possible, and must do so within 30 calendar days. If you are not able to do so, you will receive a letter informing you that your Overdraft Privilege (ODP) limit has been suspended and additional items will be returned.

If you are a new account holder, you may be able to use the Overdraft Privilege service 120 days after the account is opened, assuming your account is in "good standing" as defined above.

If you would like to have this service removed from your account or have questions about the qualifications involved with overdraft privilege, please contact a Member Service Representative.