Orion Financial

Overdraft Disclosures

What You Need to Know About Overdrafts and Overdraft Fees

What is an overdraft?

When you do not have enough money available in your account to cover a transaction, but we pay it anyway.

How does Orion Financial cover overdrafts?

ServiceFees and Features
Courtesy Pay
Covers checks, ACHs and Online Bill Payments
  • Fee of $35/overdraft (no limit).
  • Additional $20 fee if account stays overdrawn
    15 consecutive days.
  • Automatically enrolled, unless you opt out.
Debit Overdraft Protection
Covers ATM and everyday debit card transactions
  • Fee of $35/overdraft (no limit).
  • Additional $20 fee if account stays overdrawn
    15 consecutive days.
  • You must opt in to enroll.
Linked Account
Automatic transfers from linked account cover
insufficient funds in checking.
  • First 3 transfers each month free.
  • Fee of $5/transfer thereafter.
  • You must opt in to enroll.
Linked Line of Credit (LOC)
Automatic transfers from linked LOC cover
insufficient funds in checking.
  • Unlimited free transfers.
  • LOC terms apply.
  • To learn more, ask us about this plan.

Other important information about Courtesy Pay and Debit/ATM Overdraft Opt In

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 transaction will generally be declined.

The maximum amount your account may be overdrawn is not static and will change according to your account activity. Should you need a specific amount, please apply for a loan or line of credit and make a draw from it to fund your account prior to conducting a transaction that may overdraw your account.

You may be covered by more than one of the above overdraft services.

What if I want Orion Financial to authorize and pay overdrafts on my ATM and everyday debit card transactions?

Online Membership Application: Select “ENROLL” next to Debit Overdraft Protection.
From the top of the Empire State Building: Call us at 901-385-5200.
In a branch: Just ask!

Online version – rev. 2025-2-11

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