Share Drafts
What are better than checks? Share Drafts!!!
Here's why:
- No monthly charges or check writing fees.
- Carbonless drafts, gives you a duplicate of each check that you write.
- Detailed monthly statements to make BALANCING easier.
- TELL-A-LINE transfers available at no charge.
Things to remember:
- A minimum balance of $25.00 is required in regular savings to be eligible for a draft account.
- Draft accounts REQUIRE a minimum balance of $25.00.
- Stop payments and photocopies of drafts are available for a small fee.
- Checks returned for non-sufficient funds will cost the member a minimum of $15.00 or more, depending on the number of times the check is presented.
- Excessive NSF checks will necessitate closing of the draft account.
- A $5.00 fee per day will be assessed for overdraft transfers done by the credit union.
- Deposits made through the ATM (automatic teller machine) are considered uncollected funds, until electronically transferred to the credit union. Please allow three days for this process.
- Balances on the draft account are not available by phone.
- Draft printing charges are shown on your statement as DRAFT # 8910.
- Check with tellers when ordering checks for the charge. Deduct this charge from your draft balance in order to prevent the overdraft status.
Share drafts are an easy and convenient way to pay bills, make purchases, and obtain cash. Pre-authorized payments are available with this account for such deductions as mortgage payments, insurance premiums and utilities. Start enjoying the benefits of a share draft account today.
