Eight Federal Credit Union


727 Lime City Road, Rossford, OH 43460
PO Box 60319, Rossford, OH 43460
419-666-7334
419-666-3760

Overdraft Opt-Out Form


Overdrafts and Overdraft Fees


What you need to know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in you 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 overdraft protection plans, such as a link to your savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

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

We do authorize and pay overdrafts for the following types of transactions:

  1. Checks and other transactions made using your checking account number.
  2. Automatic bill payments.

We do not authorize and pay overdrafts for the following types of transactions unless you ask us:

  1. ATM transactions.
  2. Everyday debit card transactions.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, our transaction will be declined.

What fees will I be charged if Eight Federal Credit Union pays my overdraft?

Under our standard overdraft practices:

  1. We will charge you a fee of up to $30 each time we pay an overdraft.
  2. There is no limit on the total fees we can charge you for overdrafting your account.