Opt-in/Opt-out Form

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:

  1. We have standard overdraft practices that come with your account. 
  2. We also offer overdraft protection plans such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

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.

Johns Hopkins Federal Credit Union reserves the right to revoke Courtesy Overdraft privileges at any time without prior notification and to deny the payment of any transactions. Accounts not in good standing for more than 15 days will result in the restriction of the Courtesy Overdraft service. Misuse of the Courtesy Overdraft service and/or your account remaining overdrawn beyond 30 days will result in the termination of the Courtesy Overdraft service.

What fees will I be charged if Johns Hopkins FCU pays my overdraft?

  • We will charge you a fee of $29 each time we pay an overdraft. This is our standard Courtesy Overdraft Fee (the same as our Non-Sufficient Funds Fee and our Stop Payment Fee), and is subject to change. 
  • There is no limit on the total fees we can charge you for overdrawing your account.

What if I want my financial institution to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete and present a consent form at any JHFCU branch location, mail it to Johns Hopkins FCU, 2027 East Monument Street, Baltimore, MD 21205, or submit the Opt In form below.