Debit Cards

What You Need to Know about Debit Card Overdrafts and Overdraft Fees

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If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call (423) 629-2578 or toll free 1-800-305-5579, fax (423) 624-0987, email us here.

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 an overdraft protection plan which links to your primary share savings account and is less expensive than our standard overdraft practices. To learn more, ask us about this plan.

This notice explains our standard overdraft practices.

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 (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 transaction.

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

What fees will I be charged if Southern Credit Union pays my overdraft?

Under our standard overdraft practices:

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

There is no limit on the total fees we can charge for overdrawing your account.

What if I want Southern 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 (423) 629-2578 or toll free 1-800-305-5579, fax (423) 624-0987, email us here.

Debit Cards:

Must have a checking account.
Must complete an application and meet credit criteria.
VISA check card (Debit card) works anywhere VISA is accepted.

Surcharge Free ATMs: Look for the Co-Op Network logo on ATMs. The fee will be waived at these machines.

Chattanooga Area: TN Valley Credit Union, Publix Grocery Stores

Knoxville area: UT Federal Credit Union, ORNL Federal Credit Union, Covenant Health Credit Union, Enrichment Federal Credit Union, Y-12 Federal Credit Union

For other surcharge free ATM locations click here.

It debits your checking account. If your card has been lost or stolen after business hours or on a weekend, call 1-866-546-8273 to block activity. You must also notify the credit union in writing when your card has been lost or stolen.