Fees & Charges

Fee Schedule Effective February 1, 2023

What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money available in your account to cover a transaction, but we pay it anyway.

Your account may have two different balances: the “actual” balance and the “available” balance. We use your available balance when determining whether a transaction will cause your account to overdraw and incur any fees. An example of this is: Your account has a beginning balance of $200.00. You use a pay-at-the-pump machine to purchase gas. The gas station places a $100.00 hold on your account. Your “actual” balance is still $200.00, but your “available” balance is now $100.00 until that hold is released (regardless of how much you actually purchase in gas).

We can cover your overdrafts in two different ways:

  • We offer overdraft protection plans, such as a link to a savings account (draft path*) or Line of Credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
  • We have standard overdraft practices that come with your account.

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

*Once your draft path has been depleted, only checks you have written, recurring debit transactions, and ACH items will overdraft your checking up to the overdraft tolerance amount. * (tolerances are $400.00 for classic checking, $700 for prestige checking and include any fees charged)

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 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 ASCU pays my overdraft?

Under our standard overdraft practices

  • We will charge you a fee of up to $28 each time we pay an overdraft.
  • If your account remains negative for more than 30 days, the account will be considered “not in good standing” and may be closed.

Overdraft Payment Fee Schedule

  • $0.01 to $30.00 – No Charge
  • $30.01 to $100.00 – $25.00
  • $100.01 and over – $28.00

What if I want ASCU 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, you may opt-in through Online Banking. Once you have opted-in, you may opt-out using any of the above-listed methods.