Overdraft Coverage Options
St. Tammany Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
| Service | Cost |
|---|---|
| Overdraft Protection links to another deposit account you have at St. Tammany Federal Credit Union. | $2 fee per transfer |
| Member Privilege Standard or Extended | $28 Member Privilege Fee per item presented*. |
* Per item presented means each time an item is presented, including representment.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account you may have at St. Tammany Federal Credit Union for a fee.
Member Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Member Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.
| Transactions Covered with Overdraft Privilege | Standard Coverage (No action required) | Extended Coverage (Your consent is required on consumer accounts) |
|---|---|---|
| Checks | X | X |
| ACH – Automatic Debits | X | X |
| Recurring Debit Card Transactions | X | X |
| Online Bill Pay Items | X | X |
| Teller Window Transactions | X | X |
| ATM Transactions | X* | |
| Everyday Debit Card Transactions | X* |
*If you choose Extended Coverage on your consumer account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Member Privilege Extended Coverage, it is not necessary to request it again.
If you would like to select Extended Coverage for future transactions:
- Call us at (985) 643-1237
- Complete the online consent form found here.
- Visit any branch
- Complete a consent form and mail it to us at 550 Pontchartrain Drive, Slidell, LA 70458
- Send us a secure message using MySTFCU Access
You can discontinue Member Privilege in its entirety by contacting us at (985) 643-1237 or by sending us a secure message using MySTFCU Access.