Menu

Occasional Overdraft Protection (OOPS)

OOPSWhat you need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction.  We can cover your overdrafts in the following ways:

  • Marshland offers an Occasional Overdraft Protection Plan which automatically comes with your account.  You may link to your other Marshland accounts to cover your overdrafts which may be less expensive than our standard overdraft practices.
  • In addition, we have an Extended Occasional Overdraft Plan which allows overdraft coverage for ATM withdrawals and everyday debit purchases.

Marshland’s standard Occasional Overdraft Protection Plan comes with your checking account.  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 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 an overdraft, your transaction will be declined.

Marshland charges the following fees should you have an overdraft on your account:

  • We will charge you a fee of $32 each time we pay an overdraft.
  • We will not charge you a fee if your account is overdrawn by $3.00 or less on any given day and/or we will not charge you a fee if the item presented is $3.00 or less.
  • There is no limit on the total fees we can charge your account.
  • You must deposit the full amount of the overdraft (within 32 days), including any fees assessed, and maintain a positive balance for at least one business day to continue to receive Occasional Overdraft Protection Service.

With Extended Occasional Overdraft Protection, Marshland will authorize and pay overdrafts for the following types of transactions:

  • ATM Transactions
  • Everyday Debit Card Transactions

In addition, Marshland’s Occasional Overdraft Protection Service (OOPS) allows you to link other  sources you have with Marshland Credit Union to your  checking account in order to prevent overdrafts.

  • Occasional Overdraft Protection Service allows you to  overdraw your account for a fee of $32 in order to pay a transaction.
  • Occasional Overdraft Protection Service limits of up to $500 are available for eligible Personal Checking accounts opened at least 90 days in good standing.
  • Occasional Overdraft Protection Service limits of up to $750 are available for eligible Business Checking accounts opened at least 90 days in good standing.
  • Standard Occasional Overdraft Protection Service  covers checks, online bill payments, ACH transactions, or automatic/pre-authorized debits that you establish (insurance premiums, utility bills, etc.).
  • Extended covers ATM transactions and everyday debit card purchases.
  • You must deposit the full amount of the overdraft (within 32 days), including any fees assessed, and maintain a positive balance for at least one business day to continue to receive Occasional Overdraft Protection Service.

In order for Marshland to pay for overdrafts on your account caused by ATM withdrawals and everyday debit card transactions, you must opt in for Marshland’s Extended Overdraft Protection Service.

If you want us to authorize and pay overdrafts on ATM and everyday debit cards transactions:

  • Mail the form below to PO Box 1957, Brunswick, GA 31521, or
  • Call us at 912 279-2000, or
  • Visit one of our conveniently located branches.

You can revoke your authorization for Marshland Credit Union to pay these overdrafts at any time by any of the above methods.  Your revocation must include both your name and your account number so we can properly identify your account.

♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦

____ I DO want Marshland Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.

____ I DO NOT want Marshland Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions.

Account # ____________________ Print Name:_____________________________________

 

Signature___________________________________________ Date____________________

♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦

You are now leaving Marshland Credit Union

Marshland Credit Union provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Marshland Credit Union, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL