Contact Us : (254) 690 - 2274
Fax : (254) 690 - 2708
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Serving Central Texas since 1957
Formerly Known As Killeen Teachers Federal Credit Union
Overdraft Protection
               THE FOLLOWING INFORMATION IS IN COMPLIANCE WITH THE REVISED FEDERAL RESERVE BOARD’S REGULATION E, Section 205.17.
 
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 a savings account.  To learn more, ask us about these plans.
 
WHAT ARE THE STANDARD OVERDRAFT PRACTICES THAT COME WITH MY ACCOUNT?
 
  • We may authorize and pay overdrafts for the following types of transactions:
    • Checks and other transactions made using your checking account number
    • Automatic bill payments
  • We do not authorize and pay overdrafts for the following types of transactions unless you ask us to.
    • 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 GREATER CENTRAL TEXAS FEDERAL CREDIT UNION PAYS MY OVERDRAFT(S)?
 
Under our standard overdraft practices:
  • We will charge you a fee of $35 each time we pay an overdraft.
  • There is no limit on the total fees we can charge you for overdrawing your account.