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What you need to know about overdrafts and overdraft fees.

An overdraft occurs when you do not have enough money, based on your available balance, to cover a transaction, but we pay it anyway. For a more detailed description of our overdraft practices, please review the Account Agreement.

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 a savings account, 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?

If you qualify, we do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transaction made using your checking account number
  • Automatic bill payments
  • ACH Transactions

We may not authorize and pay overdrafts for the following types of transactions unless you ask us to.

  • ATM Transactions
  • Everyday debit card transactions

If you do not opt-in, we may not authorize a debit card transaction and it may be refused by the merchant where you are using your card.

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 any overdraft, your transaction will be declined and we will assess a returned item fee if your transaction amount exceeds the current balance in your account.

What fee will I be charged if Landmark 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 and your transaction amount exceed the current balance in your account.
  • Your account may be assessed up to a total of five (5) Courtesy Pay, debit card overdraft or returned item fees per day.

What if I want Landmark to authorize and pay overdrafts on ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form1 below, or call 262-796-4500.

1 This form form confirms that you have authorized Landmark Credit Union to pay overdrafts for your ATM and everyday debit card transactions. You may choose to opt-out of this service at any time by contacting our Member Service Center at 262-796-4500 or by stopping into any of our branch locations.

Routing Number: 275079714
NCUA Equal Opportunity Housing
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