BayPort Overdraft Privilege
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:
- We have standard overdraft practices that come with your account.
- We also offer overdraft protection plans, such as a link to your BayPort savings account or FlexLine (line of credit), which may be less expensive than our standard overdraft practices. Contact us to learn more about these options.
What are the standard overdraft practices that come with my account?
(See Overdraft Privilege disclosure for details)
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 transactions.
If we do not authorize and pay an overdraft, your transaction will be declined.
What fees will I be charged if BayPort Credit Union pays my overdraft?
Under our standard overdraft practices we will charge you the following fees each time we pay an overdraft on everyday ATM and Debit Card Transactions:
Transaction Amount | Fee |
Less than $10.00 | $5.00 |
$10.00 to $25.00 | $20.00 |
Over $25.00 | $29.00 |
- All checks and ACH, recurring debit card transactions, bill pay overdraft fees are $29.00 each.
- If your account is overdrawn for more than 7 consecutive days, we will charge an additional $3.00 per day.
- There is no limit on the total fees we can charge you for overdrawing your account.
Returned Non-Sufficient funds are $29.00 each (see BayPort's Fee Schedule or Overdraft Privilege Account Disclosures for additional information)