Overdraft Protection and Privilege Coverages

What You Need To Know about Overdrafts and Overdraft Fees

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: 

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to another account or a line of credit, which may be less costly 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 do authorize and pay overdrafts for the following types of transactions:

  1. Checks and other transactions made using your checking account number
  2. Automatic bill payments 

We will not authorize and pay overdrafts for the following types of transactions without your consent.

  • 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.

Overdraft Privilege may be discontinued if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within thirty-two (32) days for a minimum of one business day. You must bring your account balance positive for at least one business day to have Overdraft Privilege reinstated.

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

Under our standard overdraft practices:

  • We will charge you a fee of up to $35 each time we pay an overdraft
  • If your account balance remains overdrawn for longer than 10 business days, we will charge your account a daily Continuous Overdraft Fee of $5 for each of the consecutive business days the account remains overdrawn, beginning on day 10.
  • There is no limit per day on the total fees we can charge you for overdrawing your account 

What if I want floridacentral Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want floridacentral Credit Union to authorize and pay overdrafts on ATM and everyday debit card transactions, please complete the form below, select the corresponding option, and press Submit.

If you would like to revoke your existing authorization for floridacentral Credit Union to pay overdrafts on ATM and everyday debit card transactions, please complete the form below, select the corresponding option, and press Submit.


    OK is required
  • OKName is required
  • OKDate is required
  • OKAccount Number is required
  • OKEmail Address is required
  • OK is required
  • By clicking the Submit button, you authorize floridacentral Credit Union to pay (or not pay if you are revoking authorization) overdrafts on any ATM and everyday debit card transactions presented to your floridacentral checking account. You also understand that if you have additional questions regarding this service, you can contact floridacentral’s Member Services Team at 813.879.3333 or 800.528.3330.