Life happens! Cinfed Credit Union understands that unexpected overdrafts occur from time to time. Our Overdraft Protection Program can help.
What you need to know about Overdrafts and Overdraft Fees
An overdraft occurs when a transaction is paid and there is not enough money available in your account to cover the withdrawal. Cinfed Members are automatically enrolled in the Standard Overdraft Practices on qualifying checking accounts to assist with paying overdrafts in two different ways.
1. Standard Overdraft Practices for checks and ACH withdrawals, fees apply.
2. Overdraft Transfer Options, funds are transferred from savings (or line of credit) to cover overdrafts in your checking. This option may be less expensive than standard overdraft practices. To learn more, ask us about the Overdraft Transfer Options.
What are the standard overdraft practices that come with my checking account?
We do authorize and pay overdrafts for the following types of transactions:
• Checks and other transactions made by using your checking account number
• Automatic bill payments
We will not authorize and pay overdrafts for the following types of transactions, unless you request to Opt-In for the Debit Overdraft Services:
• Everyday debit transactions
If we do not authorize and pay an overdraft, your transaction will be declined.
What fees will be charged if Cinfed pays my overdraft?
• An Overdraft Fee will be charged for each transaction that overdraws your account ($30 per overdraft).
• There is no limit on the total fees we can charge you for overdrafts on your account.
Debit Overdraft Protection Program
The Debit Overdraft Protection Program offers additional coverage for everyday debit card transactions. By opting in to the Debit Overdraft Protection Program you authorize Cinfed to approve your debit card transactions even if the funds are not currently available in your account. This added coverage can be quite useful in the event of an emergency or unforeseen expense. The only time you pay a fee for this service is when you use it. There is a limit to the amount an account may be overdrawn. See account disclosure for overdraft limits.
Transactions Covered by Overdraft Protection:
Debit Protection Program
Recurring Debit Card Payments
Everyday Debit Card Purchases
*Overdrafts are paid at our discretion, we do not guarantee that we will always authorize and pay any type of transaction.
For questions, please contact our Member Services Department at 513-333-3800.
We've only been members for a little over a month and already feel the difference. I don't want to name names, but let's just say Cinfed is WAY better than our previous institution that rhymes with... —
Jeff, Dawn, & Jordan, members since 2013I been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent. —
Edward, member since 1985Recently I tried to locate the Oakley office using google maps. The google directions did not get me close to Cinfed. I called the office and Liz remained on the phone until I reached the... —
Debbie GAs a long time member, I have always received great service from all CinFed employees. I just wanted to say a special thank you to Dee Dee Day and Dawn Strickland. I had to make some changes to... —
John-Member since 1990Earlier this year my much younger sister passed away and with that many obligations were to be met by my husband and myself ..My sister was survived by a daughter and son. We have since then taken on... —
VondaHow lucky I am to have Liz Frey managing the office I use! I live in Florida but maintain Cinfed as my main banking office. Everytime I need special help a simple email or call to Liz and it is... —
Debbie GEmily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was... —
Sarah AmyotteI have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service.... —
Marian DudleyI have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support . Hope Dee Dee is... —