Overdraft Privilege

Overdraft Privilege is a discretionary service we provide to our members to protect you in the event that you accidentally overdraw your checking account. This service pays checks, ATM transactions*, debit card transactions*, and ACH charges on your behalf in situations where you may have insufficient funds. This service is applied only after your other overdraft protection options, if any, have been applied.

Overdraft Privilege features:

What are the standard Overdraft Privilege coverages that come with an ILWU Credit Union Checking Account?

Overdraft Privilege is available to qualified members with a checking account in good standing and positive activity.

We do authorize and pay overdrafts for the following types of transactions:

We do not authorize and pay overdrafts via Overdraft Privilege for the following types of transactions unless you opt in (see opt-in information below):

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.

How much does Overdraft Privilege cost?

There is no fee to opt-in and become eligible for this service, nor is there a fee unless you actually overdraw your account and we choose to honor the transaction. Please see our Schedule of Fees and Charges for the Overdraft Privilege fee.

How to Opt-In for Overdraft Privilege on ATM and everyday debit card transactions

You can opt in for this additional coverage at any time. We offer several convenient ways for you to opt in:

To learn more read the Overdraft Privilege Disclosure.

For further questions or to opt-in for debit and ATM card coverage please contact Member Services at 866.445.9828 or visit one of our branches.