Regulation E, Overdraft Protection, and YOU
Stay Protected – opt-in for overdraft privileges for ATM
and everyday debit card transactions
What It All Means
Recent changes to federal regulations require members who use Overdraft Protection
to opt-in to the program. This means that you MUST contact the Credit Union if you
wish to continue using our services in the event of an overdraft of your checking
account.
If you do not notify us
ACH (automatic payments) and Share Draft (check) transactions will continue to be
covered, but Point-of-Sale (everyday debit card transactions) and ATM transactions
will NOT be covered. Instead, your transaction will be declined.
If you choose to continue with the program:
All of your transactions (automatic ACH payments, Share Draft, Point-of-Sale, ATM)
WILL be covered and will not be returned for insufficient funds up to $500.00 in total.
There’s no charge to be enrolled in DEXSTA Federal Credit Union’s Overdraft Protection Program,
WHOA (We Have Overdraft Assistance), but you will be charged a $30.00 fee per
transaction if you ever need to use it.
Opting in is quick and easy. Just do one of the following:
- Call us at (302) 571-0522 or toll free at (800) 937-4735.
- Print out an Opt-in form and mail it to us,
drop it off at any branch location or send it by fax to 225-0618.
- Contact us at webmail@dexsta.com
Opt in today and stay protected.
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