Opt-In Information Page
Due to legislative reasons, we can not authorize and pay overdrafts for the following types of transactions unless you ask us to (meaning you “opt-in”):
If you “opt in,” Linn Area Credit Union may pay debit card transactions, even if you do not have the funds in your account to cover it. This is to protect you from the inconvenience and embarrassment of having the transaction declined.
An example of how this works:
What if I already have Overdraft Advance?
Overdraft Advance is one of our Overdraft Services but it CANNOT BE USED FOR ATM TRANSACTIONS OR EVERY DAY DEBIT CARD TRANSACTIONS UNLESS YOU OPT-IN.
What if I don’t plan on ever being overdrawn?
Great! If you’re never overdrawn, then this service will never kick in. However, even members who don’t plan to be overdrawn will occasionally find themselves in an emergency situation or may find that a deposit has been delayed through no fault of their own. If you opt-in, you will be covered in the rare instance that your account accidentally becomes overdrawn. There is no charge to have the service, you only pay in the event that you use it.
How do I opt in?
Just contact us. Be sure to let us know all of the accounts that you want this protection for.
What if I don’t want to opt-in?
Don’t do anything. If we don’t hear from you, your debit card transactions will not be covered in the case of an overdrawn checking account and you will not incur overdraft charges. If you change your mind at any time, you can always contact us.