Automatic Overdraft Protection

In the event that you write checks in excess of your checking balance, Arkansas Federal provides two automatic overdraft protection options:

1. Your Arkansas Federal Visa® Classic or Platinum Rewards MasterCard® will automatically be advanced in $1.00 increments that are transferred directly into your Checking Account. There is no fee for this service but interest begins to accrue from the date of transfer, there is no grace period.
2. If you do not have an Arkansas Federal Visa®, overdrafts will be covered by transferring funds, also in $1.00 increments, from your Share Savings Account. Federal regulations limit overdraft protection transfers from a non-transaction account, such as Share Savings Account, to six (6) per calendar month. Each time a transfer is made, your account is charged a nominal service charge.
3. If funds to cover the overdrafts are not available from other sources, then eligible members have a third line of defense with Privilege Pay.  Privilege Pay will pay any item presented for payment against your AFCU checking account that might cause your account to be overdrawn up to $500 (this includes the $24 Privilege Pay fee).