Overdraft Privilege Program
Disclosure and Extended Coverage Authorization

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 the credit union pays it anyway. Overdrafts are covered in two different ways:

  1. Standard overdraft practices that come with your account
  2. Overdraft protection plans, such as a link to another deposit account or a line of credit or cash advance, which may be less costly than the standard overdraft practices. To learn more, ask about these plans.

This notice explains standard overdraft practices.

- What are the standard overdraft practices that come with my account?
   TruMark Financial does authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

   TruMark Financial will not authorize and pay overdrafts for the following types of transactions without your    consent:

  • ATM transactions
  • Everyday debit card transactions

Overdrafts are paid at the discretion of TruMark Financial, which means the credit union does not always guarantee authorization and payment of any type of transaction. If the credit union does not authorize and pay an overdraft, your transaction will be declined.

- What fees will I be charged if TruMark Financial pays my overdraft?
   Under standard overdraft practices:

  • The credit union will charge you a fee of up to $32.00 each time an overdraft is paid
  • There is no limit per day on the total fees the credit union can charge you for overdrawing your account
  • The credit union will not charge an Overdraft Privilege Fee if a consumer account is overdrawn by $5.00 or less due to a debit or ATM transaction.

You have a right to consent to extended coverage: I authorize TruMark Financial to pay my overdrafts via the Overdraft Privilege program for one-time debit card transactions (e.g., everyday purchases). Authorizing TruMark Financial to pay overdrafts from the Overdraft Privilege program does not constitute a contract with, not obligation of, TruMark Financial to do so; it may decline the transaction. Either the primary member of the joint member (if applicable) may consent to extended coverage. Only one account holder signature is required.

Please provide your account information.
Membership Account Number:
Last 4 digits of primary accountholder's Social Security Number:
Date of birth of the primary accountholder: / /
Accountholders may authorize the credit union's extended coverage program by:
  • Check "Consent to extended coverage," complete information, and then click on "Submit."
  • Call toll-free 1-877-TRUMARK
  • Complete and mail in a paper form
  • Complete and deliver a paper form to any of our branch locations

*Refer to the Overdraft Privilege disclosure to see how you can qualify. Our Overdraft Privilege program does not constitute an actual or implied agreement between you and us, nor does it constitute an actual or implied obligation of ours or by us. This service represents a purely discretionary privilege or courtesy which we may provide to you from time to time and may be changed, withdrawn, or withheld by us at any time, without prior notice, reason, or cause.