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Standard Overdraft Practices FAQs

What are VACU's standard overdraft practices?

The credit union may pay overdrafts based on such factors as a member’s account history. We do this as a convenience for members to help them avoid returned checks and other items. Paying overdrafts is at the discretion of the credit union.

  • Checks and other transactions from your checking account, such as automatic bill payments, ACH deductions and other recurring payments: VACU may pay items that overdraw an account and may charge an overdraft fee.
  • ATM and everyday debit card transactions for members who have opted in: VACU may pay these transactions and charge an overdraft fee if a member has authorized us to do so. Otherwise, ATM and everyday debit card transactions may be declined.

For more information, see What You Need to Know about Overdrafts and Overdraft Fees.

How does VACU determine whether or not to pay an overdraft?

This is determined based on such factors as a member’s account history. Whether a transaction will be paid is at the discretion of the credit union and we cannot guarantee we will always authorize and pay a transaction. Online and mobile banking are great ways to keep tabs on your accounts and reduce the risk of overdrafts.

What are the fees for overdrafts and returned items due to non-sufficient funds?

Please see our Fee Disclosure for current fees.

What is the difference between an overdraft fee and a non-sufficient funds (NSF) fee?

An overdraft fee is charged when the credit union pays a transaction for which you do not have sufficient funds and allows your account to go negative. An NSF fee is charged when you do not have funds to cover the full amount of the transaction and we return the item unpaid.

When does VACU post debit card transactions to my account?

Debit card transactions made using your PIN are posted at the time they occur.

Signature (non-PIN) debit card transactions may be preauthorized when they occur (based on amounts submitted by merchants), and then posted to accounts within a few days when VACU receives the final transaction amounts from the merchants. That timing may vary from merchant to merchant.

When does VACU post other items?

Items may be posted at any time of the day or night, and many items are posted real-time. With electronic processes and check imaging, items are received faster than in the past.

What are ways I can better manage my account and avoid fees for overdrafts and returned items?

Please see suggestions for How to Avoid Fees.

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