Overdraft Privilege Coverage Form

What You Need To Know about Overdrafts and Overdraft Fees

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 another account or a line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do 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 (see below).

• 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 SkyOne Federal Credit Union pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $30 each time we pay an overdraft
• There is a $150 per day limit on the total fees we can charge you for overdrawing your account

What if I want SkyOne Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please do one of the following:

1. Electronically complete the form below.

2. Print out the form below, complete and mail it to us at:

SkyOne Federal Credit Union
Attn: Operations Support
14600 Aviation Blvd.
Hawthorne, CA 90250

3. Print out the form below, complete and fax it to us at: 310.491.7410.

4. Print out the form below, complete, scan and email it to us at: Ops@SkyOne.org

5. Call us at (toll free) 800.421.7111.

You can revoke your authorization for SkyOne Federal Credit Union to pay these overdrafts at any time by any of the above methods.