Ready to opt in?

Just review this information, then fill out the form at the bottom of this page and submit!

What is an Overdraft?

Whenever a Share Draft (check), ACH or electronic item is presented against insufficient funds, we will automatically transfer funds from your Share Savings account in an amount equal to the amount needed to pay the presented Share Draft (check), ACH or electronic item, if you have a Share Savings account and if there are sufficient funds available. An overdraft transfer fee is assessed each time an overdraft transfer is executed. Please see current Schedule of Fees & Charges.

Overdraft Protection Through Courtesy Pay

Courtesy Pay is another type of overdraft protection (with pre-approved limits), that qualifying members can receive. It is not a loan.  Courtesy Pay will pay a check, ACH or electronic item (i.e., bill payment) presented for payment against your account, even if a check, ACH or electronic item caused your account to become overdrawn.  See Frontwave Credit Union Terms and Conditions Disclosure for more information.

Debit Card Protection

Overdraft Protection is also available for VISA Debit/ATM Card transactions. However, you must provide affirmative consent (Opt-In) to have Courtesy Pay overdraft services on VISA Debit/ATM Card transactions. Affirmative consent can be provided in person, by phone, or in writing (see Opt-in Form below).

Fees That Will Be Charged If Frontwave Pays My Overdraft

Your account will be assessed an overdraft fee (See current Schedule of Fees & Charges) each time your account is overdrawn if the transaction results in a negative balance greater than $20. The maximum number of fees charged in a day is five (5). You will be provided notification whenever Courtesy Pay and/or Debit Card Protection is activated. You must repay the outstanding negative balance within 30 days to avoid termination of Courtesy Pay and/or Debit Card Protection services, or collection action. Failure to maintain your current address on file, can result in suspension or termination of Courtesy Pay and/or Debit Card Protection services.

Paying Overdrafts

We pay overdrafts at our discretion, which means WE DO NOT GUARANTEE that we will always authorize and pay any type of transactions. If we do not authorize and pay an overdraft, your transaction will be declined and your check, ACH or electronic item will be returned. You may also be subject to standard Non-Sufficient Funds Fee (NSF) as listed in our Schedule of Fees and Charges for any item not paid, and you may also incur an NSF from a merchant or other payee.

Discontinue Overdraft Protection

You can discontinue overdraft protection by notifying us in writing, in person at a branch, or call: 800-736-4500.

Opt In Authorization

To authorize overdraft protection on ATM and Debit Card transactions call: 800-736-4500, visit a Frontwave branch, or complete and submit the form below.