Debit Card Overdraft Coverage
(1.7)
shareThis optional service allows Summit to authorize debit card purchases and ATM transactions when you do not have enough money in your checking account. The following information will help you decide if the service is right for you.
What is Debit Card Overdraft Coverage?
Debit Card
Overdraft Coverage allows Summit to authorize everyday debit card
purchases and ATM transactions, at Summit’s discretion, when you do not
have enough money in your checking account. There will be a fee of
$25.00 each time we pay an overdraft. There is a limit of 5 overdraft
charges per day.
If you do not opt-in to Debit Card Overdraft Coverage, your debit card purchase or ATM transaction will be declined if you do not have sufficient funds in your checking account.
Why sign up for this service?
Having Debit Card
Overdraft Coverage gives you peace of mind, knowing that you can avoid
the inconvenience of having your debit card purchase or ATM transaction
denied if you don’t have enough money in your checking account.
How do I sign up for this service?
- Login to Online Branch, go to Account Services and choose the Overdraft Services tab. If you have more than one checking account at Summit, you will need to opt-in for each account.
- Call our Contact Center at 608-243-5000 | 800-236-5560.
Click here to lean more about overdrafts and how to avoid them.
Join
About
Sign In
Recently Posted
- Festival season is here! (Group)
- Mother's Day! (Group)
- The Buzz @ Thierer (East) (Group)
- Seminar: Clear Direction for a Confident Retirement (Event)
- Mom, Is Anyone Using My Old Room? (Post)
Top Saved Content
Copyright 2012 © Summit Credit Union All rights reserved. | PO Box 8046, Madison WI 53708-8046 | Toll-free: (800) 236-5560 | Local: (608) 243-5000
- Federally Insured by the NCUA
Equal Housing Lender
Debit Overdraft Coverage
@desertmaster1 - Yes, you can link your accounts to have funds transferred from your savings to your checking account. If there are not enough funds for your purchase in your combined accounts, Debit Overdraft Coverage can prevent your transaction from declining. Jamie@Summit325 days 8 hrs 1 min 36 secs ago
overdraft protection vs transfering funds
do you have an option to automatically transfer money from savings to checking when checking balance is lower than the amount of the check or atm purchase? instead of the debit card overdraft process with $25 fee you are asking people to sign up for?325 days 16 hrs 57 mins 58 secs ago