Consent Form for Overdraft Services

What You Need to Know about Overdrafts and Overdraft Fees

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 different ways:

1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to another account you have with us, or an overdraft 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 the following types of transactions:

• Checks, in-person withdrawals, ACH transactions, pre-authorized automatic transfers
• Automatic bill payments, internet banking transfers, telephone banking transactions
• Recurring debit card transactions

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

• ATM transactions
• 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, your transaction will be declined.

What fees will I be charged if Kinetic CU pays my overdraft?

Under our standard overdraft practices:

• We will charge you an Overdraft/Return Item Fee of $35.00 each time we pay an overdraft.
• There is no limit to the number of per item fees we can charge for overdrawing your account.
• The Credit Union does not charge a checking account participating in the Overdraft Privilege Program an Overdraft/NSF Fee for transactions that are less than $3 or that overdraw an account by an aggregate amount of less than $3.

What if I want Kinetic CU to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 706.320.8500, or complete the form below.

By submitting this form, I want Kinetic Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.