Overdraft Coverage
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Overdraft Privilege limits of up to $500 are available for eligible Personal Checking accounts at account opening. Personal Checking accounts in good standing for three years and/or which participate in Direct Deposit may be eligible for limits up to $750. Overdraft Privilege limits of up to $1,000 are available for eligible Commercial Checking Accounts at account opening.
You must deposit the full amount of the overdraft (within 32 days), including any fees assessed, and maintain a positive balance for at least one business day to continue to receive Overdraft Privilege.
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We post items in the following order: ATM and debit card transactions (in order received), electronic credits, electronic debits (in order received), Hoosier Hills Credit Union share draft files, and share draft posting (low to high by dollar amount); however exceptions will occur. Your items may or may not be paid depending on funds availability (due to check holds or pending debit card transactions). The order in which transactions are received and posted may impact the total amount of Overdraft Fees or Return Item Fees assessed.
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Business accounts automatically have access to Overdraft Privilege for ATM and everyday debit card transactions (Extended Coverage).
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If you want Hoosier Hills Credit Union to authorize and pay overdrafts caused by ATM and everyday debit card transactions (Extended Coverage), you can let us know at 800.865.2612, at info@hoosierhills.com, or you can complete the enrollment form on the Overdraft Coverage page on this website.
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You can request to discontinue Overdraft Privilege in its entirety at any time by calling us at 800.865.2612, or by sending us an email at info@hoosierhills.com.
Without Overdraft Privilege, insufficient funds items will be returned to the payee and/or declined at the point of purchase, unless you have Overdraft Protection available to cover the item(s). You will be charged the standard return fee of $33 for all returned items.