We understand that even the best laid plans can be turned upside down when life unexpectedly happens. Hopefully, you don't have to worry about your checking account having a negative balance, but when an emergency arises, you don't want to worry about being declined.
Use this form to change your overdraft protection permissions. One of our representatives will contact you within 2 business days to complete the process.
*required fields
This Overdraft Privilege Service Notice and Request outlines information about the overdraft protection service of Verity Credit Union (Verity) and your request for such services.
What You Need to Know About Overdrafts and Overdraft Fees
An overdraft occurs when your available balance (account balance less any pending transactions or holds) in your account is not sufficient to cover a transaction but we pay it anyway. We can cover your overdrafts in different ways:
We have a standard discretionary Overdraft Privilege Service that comes with your account, if you meet specific criteria.
We also offer overdraft protection plans, such as a transfer from your savings account or line of credit. These may be less expensive than our Overdraft Privilege Service. To learn more, ask us about these options.
What does Verity's Overdraft Privilege Service cover?
With Overdraft Privilege, we do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Recurring automatic payments authorized against your debit card
We will not authorize and pay overdrafts for the following types of transactions unless you ask us to (opt-in):
- ATM transactions
- Debit card transactions
How much does it cost?
- We will charge you a fee of $10.00 per overdraft occurrence (each presentment resulting in an overdraft) for debit/ATM transactions.
- We will charge you a fee of $10.00 per overdraft occurrence (each presentment resulting in an overdraft) for checks and ACH transactions.
- There is no fee to keep the Overdraft Privilege Service on your account.
- There is no fee if you never use it.
- There is no limit on the total fees we can charge you for overdrawing your account.
How to request Overdraft Service for ATM and debit transactions?
Please tell us if you want this convenient coverage on your checking accounts. To keep your Overdraft Privilege for ATM and debit card transactions, you must opt-in by using one of the following convenient methods:
- Complete the simple form above
- Call (206) 440-9000 or (800) 444-4589
- Email us at
- Mail to Verity Credit Union, PO Box 75974, Seattle WA 98175-0974
- Return the request to any Verity branch.
*For the transfer fee and the per item fee listings, please view the current rate and fee schedule. Accounts will be charged the standard Overdraft fee of $10.00 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal or other electronic item that is paid. There is no fee for items returned unpaid. An overdrawn balance must be repaid within 30 days. We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account balance to a positive balance within every thirty (30) day period for a minimum of two business days, if you default on any loan or other obligation to Verity Credit Union or if your account is subject to any legal or administrative order or levy. For more information, read our Overdraft Protection disclosure.
Banking for you
Join Us