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?
| Service | Fees and Features |
|---|---|
Courtesy Pay Covers checks, ACHs and Online Bill Payments |
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Debit Overdraft Protection Covers ATM and everyday debit card transactions |
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Linked Account Automatic transfers from linked account cover insufficient funds in checking. |
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Linked Line of Credit (LOC) Automatic transfers from linked LOC cover insufficient funds in checking. |
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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? |
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! |