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Did You Forget to Opt-In for Overdraft Privilege?

Why opt in?
Overdraft Privilege is a valued added service that protects your checking account when you don’t have enough funds to cover a transaction. It saves you the costs, hassles and embarrassment of bounced checks! So, even if you never use it, you have peace of mind knowing you’re covered just in case you ever do need it.

What is an Overdraft?
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: We have standard overdraft practices that come with your account.

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 will authorize and pay overdrafts for the following types of transactions:

• Checks and ACH transactions made using your checking account number
• Automatic bill payments

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

• 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.

What fees will I be charged if JetStream Federal Credit Union pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of $30 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 JetStream Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete our online form or download the form and present it to any branch employee or mail it to:

JetStream Federal Credit Union
P.O. Box 5487
Miami Lakes, FL 33014
ATTN: Member Services

Click here for the online form

If you choose not to Opt-In, ATM and everyday debit card transactions for which sufficient funds are not in your account will be declined. This does not affect checks drawn on your account, automatic bill payments or ACH debits.

Questions? Just give us a call at (305) 821-7060, and speak with a Member Service Representative.


Federally Insured by NCUA
to at least $250,000

visa Equal Housing Lender
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