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 or a line of credit, which may be less costly than our standard overdraft 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 and other transactions made using your checking account number.

  • Automatic bill payments.

We will not authorize and pay overdrafts for the following types of transactions without your consent:
  • 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 First Financial Federal Credit Union pays my overdraft?

Under our standard overdraft practices:
  • If the amount of Courtesy Pay Privilege to cover the transaction is $100 or more it will result in a $35.00 Overdraft Fee.

  • If the amount of Courtesy Pay Privilege to cover the transaction is between $50 and $99.99 it will result in a $25 Overdraft Fee.

  • If the amount of Courtesy Pay Privilege to cover the transaction is between $15 and $49.99 it will result in a $10 Overdraft Fee.

  • If the amount of Courtesy Pay Privilege to cover the transaction is between $1 and $14.99 it will result in a $5 Overdraft Fee.

  • We will not charge you a fee for if the amount of Courtesy Pay Privilege to cover the transaction is $0.99 or less.

  • There is no limit per day on the total fees we can charge you for overdrawing your account.

What if I want First Financial Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call (732) 312-1500, visit our website at firstffcu.com and send us a secure message through online banking, visit any branch, complete a consent form and mail it to us at: P.O. Box 1172, Toms River NJ 08754, or complete the form below and select “Submit”. You can revoke your authorization for First Financial Federal Credit Union to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and your account number so that we can properly identify your account.