Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:
Service | Cost |
Overdraft Protection (Link to Another Deposit Account you have at Ascent Credit Union)1 | $5 fee per transfer |
Overdraft Protection Line of Credit 1,2 | Subject to interest |
Overdraft Privilege | $27 Overdraft Fee per item |
1Call us at 801-399-9728, email us at odp@ascentcu.com, or come by a branch to sign up or apply for these services. Money Market accounts are not eligible to be linked.
2Subject to credit approval.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at Ascent Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know” section at the bottom of this page for other important information.
Transactions Covered with Overdraft Privilege | Standard Coverage (No action required) | Extended Coverage (Your consent required on consumer accounts)* |
Checks | x | x |
ACH - Automatic Debits | x | x |
Recurring Debit Card Payments | x | x |
Online Bill Pay Items | x | x |
Internet Banking Transfers | x | x |
Telephone Banking Transfers | x | x |
Teller Window Transactions | x | x |
ATM Transactions | | x* |
Everyday Debit Card Transactions | | x* |
If you would like to select Extended Coverage for future transactions, call us at 801-399-9728, visit any branch, complete a consent form by clicking the link below and mail it to us at 4140 Harrison Blvd. Ogden, UT 84403, or email us at odp@ascentcu.com.
Extended Coverage Consent Form
*If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
You can discontinue the Overdraft Privilege in its entirety by contacting us at 801-399-9728 or sending us an email at odp@ascentcu.com.