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The Federal Reserve Board issued final rules under Regulation E that prohibit financial institutions from charging consumers fees for paying overdrafts on one-time debit card transactions, unless a consumer consents, or opts in, to the overdraft service for those types of transactions.
What this means to you: Without Overdraft Protection, your ATM and everyday debit card transactions may be declined if you attempt to make a transaction without the sufficient funds. If you want to continue using this service without disruptions, you need to opt-in to our Overdraft / Courtesy Pay Program. For your convenience, click here and complete the Opt-Out/In form. You can also mail or fax a copy of the form to:
Greater Kentucky Credit Union
1001 Red Mile Road
Lexington, KY 40504
Fax: (859) 252-3975
*This rule only affects member’s with checking accounts. **No action is required if you only have a savings account.
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