Overdraft Privilege Service Opt-Out / Opt-In Form * Required Fields Member Name: Email Address: Primary Phone: Checking Account #: IMPORTANT: Any of the Joint Owners of an account can Opt-Out. If an account has been Opted-Out, all Owners must Opt-Back-In. Overdraft Privilege Service (ODP) Information ODP is a service that allows us to pay an item presented against your account even if it causes the account to become overdrawn. ODP may provide certain members in “good standing” the ability to overdraw their account up to $500.00. The ODP limit includes any overdraft fees assessed. If the account has been opened and maintained in good standing, defined as A) Making regular deposits sufficient to cover transactions; B) Bringing the account to a positive balance every thirty (30) days or less; and C) There are no legal orders outstanding on your account, we may, at our sole discretion, pay overdrafts up to the limit mentioned above, including our normal Non-Sufficient Funds or ODP fees. Whether we pay or return the item, your account will be assessed a fee, either an ODP Fee or a Non-Sufficient Funds Fee but you will not be charged both fees. Our current charge per item is $36 which may be changed with prior notice to you. This non-contractual courtesy of paying overdrafts requires no accountholder action. No additional agreements need to be signed, and it costs nothing unless the privilege is used – by initiating check, ATM withdrawals, debit card withdrawals, or other payment or withdrawal requests for more than is on deposit in the account. If you maintain the account in good standing and have need for this “courtesy”, we may, at our sole discretion, pay the item(s) up to the authorized limit, and we will charge the account our normal Non-Sufficient Funds or ODP Fee for each item that overdraws the account. You then have up to 30 days to bring the account current. Although you are not charged for using Overdraft Privilege Services unless you overdraft, you may opt-out at any time. If you do not want us to pay your overdrafts, you must tell us (“opt-out”). If you receive a direct deposit of your social security or other federal benefit check, you must opt-out if you do not want us to apply those funds to repay an overdraft. Overdraft Privilege Service allows ASECU to provide a higher level of service to our members by helping to protect your account and reputation when an inadvertent overdraft occurs. Not all members will qualify for Overdraft Privilege Service; in such cases, ASECU normal non-sufficient funds policy applies. Yes I want to OPT-OUT of Overdraft Privilege: I do not want ASECU to pay my overdrafts under the Overdraft Privilege Service (ODP). Return any unpaid items that I may write or authorize. If I overdraw the account I understand that I will be charged a Non-Sufficient Funds (NSF) fee as well as fees imposed by merchants and collection agencies in addition to ultimately paying the overdrawn item. Only one (1) signature is required to Opt-Out if this is a joint account. Yes, I would like to OPT-BACK-IN to Overdraft Privilege: I/We would like to OPT-BACK-IN and have ASECU pay our overdraft items under the ASECU Overdraft Privilege Service (ODP). I/We agree to pay the ODP fees associated with this account according to the ASECU current fee schedule, which may change from time to time. All Owners must sign if this is a joint account. Electronic Signature: You consent and agree that your use of a key pad, mouse or other device to select an item, button, icon or similar act/action while using any electronic service we offer; or in accessing or making any transactions regarding any agreement, acknowledgement, consent, terms, disclosures or conditions constitutes your signature, acceptance and agreement as if actually signed by you in writing. Further, you agree that no certification authority or other third party verification is necessary to validate your electronic signature; and that the lack of such certification or third party verification will not in any way affect the enforceability of your signature or resulting contract between you and ASECU. You understand and agree that your e-Signature executed in conjunction with the electronic submission of your application and/or form shall be legally binding and such transaction shall be considered authorized by you. Signature: Joint Signature: Date: Date: Month Month... January February March April May June July August September October November December / Date: Day Day... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 / Date: Year Year... 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 Security Code: Security Code Overdraft Privilege Policy Go to main navigation
