Add peace of mind to your checking account
Avoid the embarrassment and uncertainty of a declined transaction at a merchant or delaying an important payment. Enroll in Overdraft Privilege* so your ATM and debit card items are paid without any hassle or delay when there are insufficient funds. Without activating Overdraft Privilege on your Debit or ATM card, Ideal CU is required to decline the transaction at the point of sale when funds aren’t available.
Overdraft Privilege is a service added to your Ideal CU checking account to cover ATM and Debit card transactions when there are insufficient funds in your checking account and your other overdraft protection options have been used. There is no charge if the service is never used.
With Overdraft Privilege protection, Ideal CU will generally pay your overdraft items in your Personal Checking account up to a certain limit depending on your Ideal CU Checking account type. Eligibility is determined by Ideal CU after the checking account is opened and will be added directly to your checking account.
Overdraft Privilege protection is a discretionary program made possible by Ideal CU. We reserve the right not to pay items and may be suspended or permanently removed from the member's account if the account is not brought to good standing within 30 of first using Overdraft Privilege funds.
*An Overdraft Privilege fee of $35 will be imposed for each overdraft created by checks, ACH transactions or other electronic means, as applicable. Account balance must be brought to a positive balance within every 30 day period. Ideal CU in its sole and absolute discretion can cease paying overdrafts at any time without prior notice.