Overdraft Policy

What are the standard overdraft practices that come with my 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 do not authorize and pay overdrafts for the following types of transactions, unless you ask us to:

  • 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 transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Gulf Coast Federal Credit Union pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $25 each time we pay an overdraft.

What if I want Gulf Coast Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 251-438-7464, or click here for a copy of the authorization form. Complete the form and present it at a branch or mail it to:

Gulf Coast Federal Credit Union
1001 Springhill Avenue
Mobile, AL 36604

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