Courtesy Pay Opt-In

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 a savings account or an overdraft line-of-credit, which may be less expensive than our standard overdraft practices. To lean 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:

• Checks and other transactions made using your checking account

• Automatic bill payments

• ACH Transactions

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

• ATM Transactions

• One-time 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 fee will I be charged if SouthPoint Federal Credit Union pays my overdraft?
Under our standard overdraft practices:

• We will charge you a fee up to $20 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 SouthPoint Federal Credit Union to authorize and pay overdrafts on my ATM and one-time debit card transactions?
If you want us to authorize and pay overdrafts on ATM and one-time debit card transactions, call 877-794-6712, complete the form below or stop into any of our three locations; Sleepy Eye, Springfield or New Ulm.

Courtesy Pay Opt In Form

First Name (*)

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Last Name (*)

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Last four digits of your Social Security Number (*)

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SouthPoint FCU Account Number (*)

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Phone Number (*)

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Email Address (*)

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Select an Option (*)
Yes, I want SouthPoint Federal Credit Union to authorize and pay overdrafts on my ATM and one-time debit card Transactions. I understand that I will be charged a fee as listed above. I have the right to revoke this coverage at any time by contacting the Credit Union in writing or by phone.
I DO NOT want SouthPoint Federal Credit Union to authorize and pay overdrafts on my ATM and one-time debit card transactions.

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