What is Bounce Protection?
Bounce Protection adds a safety net to your personal checking account. If you don’t have enough money in your account to cover a transaction, we may cover the transaction and overdrawn balance up to an approved limit. Bounce protection eliminates the embarrassment and expense of returned checks, and also protects your credit rating.

How does Bounce Protection Work?
If you overdraw your account by checks, ACH electronic payments or Point-of-Sale Debit Card transactions, Bounce Protection may cover your transaction, even though you do not have enough money in your account. If you use Bounce Protection, your account will be negative and you will be charged a $29.00 overdraft fee. However, you will not incur any merchant fees.

If you have established overdraft protection to cover a negative balance through an automatic transfer from a savings account or a personal line of credit, the credit union will access funds from these sources before using Bounce Protection.

How do I know I am overdrawn?
We will mail you a letter to notify you immediately any time your account is overdrawn.

How quickly do I have to deposit funds to cover an overdraft?
You should make every attempt to bring your account to a positive balance within 24 hours. If you are not able to do so, you will receive a letter from us informing you of the situation and your options. If, after a period of time your account has not been brought to a positive balance, we will have no option but to close your account and take other steps to recover the funds. If you have special circumstances or concerns, please call us. We want to serve you.

BOUNCE PROTECTION GUIDELINES
You should know that we are not obligated to cover any item presented for payment if your account does not contain sufficient collected and/or available funds. Furthermore, service charges assessed against a check or checks, or any other request for funds made upon your account, does not obligate us to pay said request for funds. Nor does it obligate us to provide prior written notice of our decision to refuse payment.

It is the obligation of the credit union to operate in accordance with all applicable safety and soundness standards. If you issue a check or make a transaction for funds exceeding what is available in your account, you are responsible to the credit union for the amount of any overdraft and applicable fees immediately, without notice or demand from the credit union, in accordance with the terms of your account.

If you have any questions, or would like to discuss more details of the Bounce Protection program, please call us today.