What You Need to Know About Overdrafts and Overdrafts Fees

Beginning August 15, 2010, we will not authorize and pay overdrafts on everyday debit card transactions under our standard overdraft practices unless you opt in.

An overdraft occurs when you do not have enough money in your account to cover a transaction but we pay it anyway.

We can cover your overdrafts in two ways:

(1) We have standard overdraft practices that come with your account.
(2) We also offer OD transfer protection plans, such as a link to a savings account or line of credit, which may be less expensive than our standard practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for:

• Checks and other transactions made using your checking account.
• Automatic bill payments.
• ACH transfers online, by phone or per pre-authorized automatic bill payment.

We do not authorize and pay overdrafts for ATM transactions.

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
• Everyday debit card transactions on debit cards we issue.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transactions, even if you have opted in.

If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if San Francisco FCU pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of $22 each time we pay an overdraft, up to a daily maximum of $66 for each type of transaction (check/ACH/Bill Payer/debit card/POS).

What if I want San Francisco FCU to authorize and pay overdrafts on my everyday debit card transactions?

If you want us to authorize and pay overdrafts on everyday debit card transactions, make your election in the form here. You may also call us at (415) 775-5377, option 4 or visit a branch.

Note: $22 fee per paid overdraft transaction under Overdraft Privilege. Overdraft Privilege
may be available on checks, ACH payments, online bill payments, recurring payments
using a debit card number, and, only if you opt in, on everyday debit card purchases.
Overdraft Privilege is a discretionary service and not guaranteed. Negative balances
must be repaid immediately upon demand. Overdraft Privilege is generally not
available on checking accounts open fewer than 180 days, or if you are in default on
any material obligation to the Credit Union

How to opt in? Complete the opt-in form, click here. For frequently asked questions (FAQ), click here.