Montgomery County EFCU
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Courtesy Pay

What You Need to Know about Overdrafts and Overdraft Fees

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 transfer from a savings account, which may be less costly 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 will not authorize and pay overdrafts for the following types of transactions without your consent.
  • ATM transactions
  • Check 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 check card purchase or ATM card withdrawal will be declined.

What fees will I be charged if MC EFCU pays my overdraft?

Under our standard overdraft practices:
  • We will charge you a fee of up to $30 each time we pay an overdraft
  • There is a limit of seven per day on the total fees we can charge you for overdrawing your account. We will not charge you an overdraft fee if your negative balance is $5 or less.
What if I want MC EFCU to authorize and pay overdrafts on my ATM and everyday check card transactions?

If you want us to authorize and pay overdrafts for which an Overdraft fee will be assessed on ATM and everyday debit card transactions, call (301) 279-1964, visit our website at, complete the form below and present it at a branch or mail it to: 19785 Crystal Rock Drive, Suite 201, Germantown, MD 20874. You can revoke your authorization for Montgomery County Employees Federal Credit Union to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and your account number so that we can properly identify your account.

We will need the following information:

Please enter your name and address information exactly as it appears on your account statement.

Overdraft Privilege Election

I authorize MC EFCU to approve and pay overdrafts at its discretion on ATM and check card transactions.
Previously I authorized MC EFCU to approve and pay MC EFCU Courtesy Pay Overdrafts on ATM and check card transactions. I now wish to revoke this authorization.
List the accounts to which the above election will apply.


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