STANDARD OVERDRAFT PRACTICES

Overdraft Protection Plus (ODPP)

Requirements

ODPP is available on your account when the following criteria are met:

• Account has been opened for at least 180 days
• Account cannot be overdrawn in the past 30 days
• Account must have had at least $500 in aggregate deposits in the past 30 days

Fees and Restrictions

• ODPP will allow automatic overdrafts up to, but not exceeding $500
• A $30 fee applies to each presentment of an item over $5 that posts using ODPP. If $5 or less, no fee will be assessed.
• The ODPP limit is not available for withdrawal through the ATM.

Other Information

• If ODPP is used to pay an item, immediate repayment is required.
• If repayment is not made within 25 days, the ODPP limit will be removed from your account.
• If repayment is not made by the 60th calendar day1 from the first day the account went into the negative, it will be closed, and your negative balance will be reported to ChexSystems².
• ODPP is a courtesy pay program and not a guarantee to pay. This service can be terminated for any reason listed in Provision 23 of the Member Service Agreement, Part II.
• Joint owners are equally responsible for overdrawn accounts. We may exercise our right of offset against accounts owned by all joint owners if negative balances are not repaid by the 60th calendar day of an overdraft.
• If a negative balance is not repaid resulting in account closure, no other accounts or services will be extended until the negative balance and any collection costs are repaid.

Click here to view ECU's Member Service Agreement ("MSA") for a complete explanation of all account fees, terms, and conditions.

¹ If the 60^th calendar day falls on a weekend or holiday the account will be closed on the following business day.

² ChexSystems, Inc. is a consumer-reporting agency governed by the federal Fair Credit Reporting Act (FCRA) and other laws. The Federal Trade Commission enforces the FCRA. ChexSystems, Inc. provides account verification services to its financial institution members to aid them in identifying account applicants who may have a history of account mishandling (for example, people whose accounts were overdrawn and then closed by them or their bank).