Effective August 15, 2010 Tropical Financial Credit Union will no longer pay overdrafts on ATM or debit card transactions unless you opt-in for overdraft protection. This is a result of recent regulatory changes to consumer accounts.
The good news is this means the end of overdraft fees! Instead of TFCU paying for your overdraft and charging you a fee, your transaction will simply be declined if you have not opted in for overdraft protection.
A great way to protect yourself against overdrafts and embarrassing declines is to link your checking account to your savings account. Whenever you overdraw your checking account, TFCU will automatically transfer money from your savings account to cover the transaction, without charging a fee.
Tuesday, July 6, 2010
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