Overdraft Coverage

Q: What are the Overdraft Privilege limits?

Overdraft Privilege limits of up to $500 are available for eligible Personal Checking accounts at account opening. Personal Checking accounts in good standing for three years and/or which participate in Direct Deposit may be eligible for limits up to $750. Overdraft Privilege limits of up to $1,000 are available for eligible Commercial Checking Accounts at account opening. You must deposit the full amount of the overdraft (within 32 days), including any fees assessed, and maintain a positive balance for at least one business day to continue to receive Overdraft Privilege.

Q: In what order are items posted?

We post items in the following order: ATM and debit card transactions (in order received), electronic credits, electronic debits (in order received), Hoosier Hills Credit Union share draft files, and share draft posting (low to high by dollar amount); however exceptions will occur. Your items may or may not be paid depending on funds availability (due to check holds or pending debit card transactions). The order in which transactions are received and posted may impact the total amount of Overdraft Fees or Return Item Fees assessed.

Q: Are Business Checking Accounts covered?

Business accounts automatically have access to Overdraft Privilege for ATM and everyday debit card transactions (Extended Coverage).

Q: What if I want my coverage to pay for my ATM and debit card overdrafts (extended coverage)?

If you want Hoosier Hills Credit Union to authorize and pay overdrafts caused by ATM and everyday debit card transactions (Extended Coverage), you can let us know at 800.865.2612, at info@hoosierhills.com, or you can complete the enrollment form on the Overdraft Coverage page on this website.

Q: What if I don't want Overdraft Privilege?

You can request to discontinue Overdraft Privilege in its entirety at any time by calling us at 800.865.2612, or by sending us an email at info@hoosierhills.com . Without Overdraft Privilege, insufficient funds items will be returned to the payee and/or declined at the point of purchase, unless you have Overdraft Protection available to cover the item(s). You will be charged the standard return fee of $33 for all returned items.

Hoosier Hills Credit Union Has You Covered

Overdraft protection

Overdraft Protection allows you to pull funds from accounts of your choosing to cover your Checking Account in case of an overdraft. There is no transfer fee for most accounts. Overdraft Protection linked through Money Market accounts and lines of credit are subject to existing fees and interest.¹

Overdraft Privilege Standard Coverage is an optional service which allows you to overdraw your account for a $33 per transaction fee for all transactions, with the exception of ATM and debit card transactions, after funds from linked accounts are exhausted.

Overdraft Privilege Extended Coverage carries all of the same coverage as Overdraft Privilege Standard Coverage, but also covers everyday ATM and debit card transactions. This allows you to complete transactions that might otherwise be denied for lack of funds for a $33 per transaction fee.

Overdraft Protection and Overdraft Privilege may help you avoid costly returned check fees
There is no fee for Overdraft Privilege unless you use it
The type of coverage is up to you!

Overdraft FAQs

What are the Overdraft Privilege limits?

In what order are items posted?

Are Business Checking Accounts covered?

What if I want my coverage to pay for my ATM and debit card overdrafts (extended coverage)?

What if I don't want Overdraft Privilege?

Overdraft Coverage

Hoosier Hills Credit Union Has You Covered

Opt in to Overdraft Coverage