Convenience Pay

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways.

  1. We have standard overdraft practices (Convenience Pay) that come with your account.
  2. We also offer overdraft protection plans, such as a link to a savings account or a checking line of credit (LOC), which may be less expensive than our standard overdraft practices (Convenience Pay). To learn more, ask about these plans.

What are the standard overdraft practices (Convenience Pay) that come with my account?

We do authorize and pay overdraft fees for the following types of transactions:

  • Checks and other transactions made using your share draft/checking account number
  • Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM transactions
  • Everyday debit card transactions

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 be declined.

What fees will I be charged if USF Federal Credit Union pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $10 each time we pay an overdraft of $5 or less.
  • We will charge you a fee of $29 each time we pay an overdraft greater than $5.
  • You will be charged the appropriate fee for the first five (5) overdrafts per day. After the fifth overdraft, no fees will be applied for additional overdrafts in the same day.

What if I want USF Federal Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, our Convenience Pay Plus program, you must opt-in and enroll at account opening, call us at 813.569.2000, enroll within digital banking, or complete the form below and present it at a branch or mail it to us at PO BOX 47989, Tampa, FL 33646-0117.

What if I do not want USF Federal Credit Union to pay any overdrafts on my share draft/checking account?

You may choose at any time to opt out and not participate in the Convenience Pay or Convenience Pay Plus program by contacting the Credit Union in a manner most convenient for you. You may do so by writing to us at PO BOX 47989, Tampa, FL 33646-0117, by calling us at 813-569-2000 or by contacting us through online or mobile banking and sending a message to us.

Go to main navigation