Overdraft Protection

Overdraft Options

At Pinnacle, we know that mistake happen. That’s why we offer a variety of overdraft options to help you avoid the inconvenience of overdrawing your account.

Overdraft Coverage Options
The choice is yours. Consider these way to cover overdrafts:

ServiceCost
Overdraft Protection link to another deposit account you have at Pinnacle FCU*$0 fee per transfer (maximum of 6 transfers per month)
Checkmate Line of CreditSubject to interest and credit approval
Overdraft Privilege$30 overdraft fee per item

*Checkmate is subject to credit approval.

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, or line of credit you may have at Pinnacle FCU (a finance charge may apply.) Please note that Checkmate line of credit is subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transactions. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.

Transactions covered with Overdraft PrivilegeStandard CoverageExtended Coverage
(Your consent required)*
ChecksXX
ACH - Automatic DebitsXX
Recurring Debit Card PaymentsXX
Online Bill Pay itemsXX
Online banking transfersXX
Telephone Banking (TELL-Me)XX
Teller window transactionsXX
ATM TransactionsX*
Everyday Debit Card transactionsX*

*If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. You can discontinue the Overdraft Privilege in its entirety by contact us at 732-225-1505 ext. #250, sending us an email at overdraft@pinnaclefcu.com or opting out below.

 

Overdraft Protection Extended Coverage Options

If you wish to opt-in or out of the extended coverage, please complete the form below. Please note – your account will be updated the following business day after you have submitted the request.
  • Please enter the last 4 digits of your account number
  • Choice whether or not you would like to Opt-In to the extended coverage options. The extended coverage options description is above.
  • This field is for validation purposes and should be left unchanged.

 

Overdraft Privilege Opt-Out Options

You can opt-out of the Overdraft Privilege program at any time. If you do not wish to participate in our Overdraft Privilege program, please complete and submit the below form. Please note – your account will be updated the following business day after you have submitted the request.
  • Please enter the last 4 digits of your account number
  • If you do not want to participate in Overdraft Privilege, you have the option at any time to opt-out of the program. Please complete the form below.
  • This field is for validation purposes and should be left unchanged.