Secure Your Finances
Overdraft Protection Solutions
Our Services
Life is full of surprises, but your finances do not have to be.
With our Overdraft Protection Solutions, you can manage the unexpected confidently, avoiding unnecessary fees and keeping your budget on track. Stay secure and prepared, no matter what comes your way.
Overdraft Protection Transfers
It's free! Link your checking account to your membership savings or club savings account at no charge. Or use your personal credit line for overdrafts; interest accrues per your APR (Annual Percentage Rate). Set up in-branch, by phone, or via digital banking.
Overdraft Privilege
Overdraft Privilege Plus
Understanding Overdrafts and Your Account
How Do Overdrafts Occur?
What Is a Business Day for Deposits?
When Do ACH and Checks I’ve Written Post?
What Is a Pending Transaction?
For most debit card purchases, a pending transaction will show on your account before it is actually posted. This means the amount will be held and your available balance will decrease accordingly. So, even though your transaction has not been posted, funds are still withheld to cover the purchase. You could even be charged overdraft fees if you make other transactions that total more than your overall available balance. Click here to learn how temporary debt card holds affect your account.
When Are My Deposits Available?
It depends because different types of deposits (cash, direct deposit, checks) become available at different times. Please review our Funds Availability Policy.
The Exceptions.
There are things that may delay the availability of your funds, including the total amount of your deposit, your account history and how recently you opened the account. This is one of the many ways we protect you from fraud. For a full list of exceptions, see our Funds Availability Policy.
What Can I Do to Avoid Overdrafts and Non-Sufficient Funds?
The best way is to ensure that you always have enough funds available in your account from the time a transaction is initiated until it posts to your account. However, with our online, mobile and text banking tools, there are things you can do to help minimize the possibility of an overdraft, including:
- Track Your Balance: Know your balance before you spend. Log in to Online Banking or Mobile Banking to check your account activity and remember to consider any outstanding checks or scheduled payments.
- Set Up Alerts: Balance Alerts can help you avoid overdrafts and the fees that come with them, while Transaction Alerts can tell you when deposits and credits post to your account.
- Know Your Overdraft Protection Options
How temporary Debit Card Holds Affect Your Account:
When you use a debit card, merchants may request a temporary hold on your account for a specified amount, which may be more than the actual amount of your purchase. When this happens, we cannot determine that the amount of the hold exceeds the actual amount of your purchase. This temporary hold and the amount charged to your account, will eventually be adjusted to the actual amount of your purchase, but it may be up to three days. Until the adjustment is made, the amount of funds in your account available for other transactions will be reduced by the amount of the temporary hold. If another transaction is presented for payment in an amount greater than the funds left after the deduction of the temporary hold amount, that transaction will be a nonsufficient funds (NSF) transaction if we do not pay it or an overdraft transaction if we do pay it. You will be charged an NSF or overdraft fee according to our NSF or overdraft fee policy. You will be charged the fee even if you would have had sufficient funds in your account if the amount of the hold had been equal to the amount of your purchase.
Here is an example of how this can occur – assume for this example the following:
- You have opted-in to our overdraft privilege plus service for the payment of overdrafts on ATM and everyday debit card transactions,
- We pay the overdraft, and
- Our overdraft fee is $30 per overdraft.
You have $120 in your account. You insert or tap your debit card at the gas pump and the merchant requests an $80 authorization because the actual purchase amount is unknown. The authorization causes a temporary hold on your account for $80 and your available balance is reduced to $40 ($120 - $80 = $40). You fill your tank, and the purchase amount is only $50, so you may believe you have $70 available in your account for other transactions. Remember, it may take up to three days for the temporary hold to be adjusted to the amount of your gas purchase. Later the same day, another transaction you have authorized for $60 is presented for payment (this could be a check you have written, another debit card transaction, an ACH debit, or any other kind of payment request). Because the amount of this other transaction is greater than the amount available in your account, our payment of this transaction will result in an overdraft transaction and your account will be assessed the overdraft fee according to our overdraft fee policy.
Unless you understand how a hold affects your account, your debit card could be declined in future transactions. This can be embarrassing and inconvenient. It could also be costly. If checks or other transactions are processed before the hold is released, you may overdraw your account and incur overdraft fees.
Learn more about how temporary holds affect your account balance.
Important Information Regarding Overdrafts and Your Account
Learn more about how temporary holds affect your account balance.
FAQs
Fees may apply when an overdraft is paid through Overdraft Privilege or Overdraft Privilege Plus. Applicable overdraft and non-sufficient funds (NSF) fees are determined by your Overdraft Protection plan and any Overdraft Privilege Plus services you have elected.
Overdraft Privilege may be used to cover checks, ACH transactions, Bill Pay transactions, and recurring debit card transactions. To have non-recurring everyday ATM and debit card transactions considered for payment when sufficient funds are not available, you must enroll in Overdraft Privilege Plus.
Overdraft Privilege is a discretionary service that is automatically available to eligible JetStream FCU checking account holders. If you do not want your account to be considered for Overdraft Privilege, you may opt out at any time by calling us at 800-426-3556, sending us a secure message through digital banking, or visiting any JetStream FCU branch location.
You may opt in to or opt out of Overdraft Privilege Plus at any time by contacting us at 800-426-3556, sending us a secure message through digital banking, or visiting any JetStream FCU branch location.
Please review this important information regarding Overdrafts and Your Account