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What is an Overdraft/Bounced-Check Fee?

April 26, 2017bounced-check fee overdraft

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What is an Overdraft/Bounced-Check Fee?

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An overdraft/bounced-check fee is the amount of money charged by a credit union, financial institution, or merchant when there are insufficient funds available in the account to cover a payment. You can make withdrawals and transfer in many ways. Funds are deducted from a checking account by: • Writing a check • Withdrawing money from an ATM • Making a purchase with HVFCU’s Visa Check Card (signature-based and point-of-sale) • Paying bills online or through automatic payments.