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Overdraft Protection Services

At Mission Fed, we understand that life happens. We’re for people, not profit. Which is why, if you accidentally overdraft your checking account, we have options to keep you covered.

Overdraft Transfer

Overdraft Transfers are free and may be set up to come from your Savings account or other applicable share account. You can also set up an Overdraft Transfer from an eligible loan account such as a Credit Card or Line of Credit. To set up Overdraft Transfer, simply send us a secure message via Mobile and Online Banking, call us at 800.500.6328 or visit any of our branches.

Overdraft Protection

Overdraft Protection is extended to members for their good account management. When there are not enough funds available, this service may pay checks and Automated Clearing House (ACH) items that are coming out of the account as payments.

There is no fee to enroll, and no fee will be charged unless you use the service and the transaction results in a negative balance that is greater than $10; the fee is $10 per item with a $30 per share maximum daily total fees we can charge for overdrawing your account. (Please check our fee schedule.)

Find out if your account qualifies for this service and complete program details including how to enroll by logging into Mobile or Online Banking, then going to Member Service, Account Service. Or call us at 858.524.2850 or 800.500.6328 or ask at any branch. Overdraft Protection is not available on Breeze Spending Accounts.

This service is not a credit product; it is intended for occasional use only, and should not be relied upon when you know funds are not available in your account.

Debit Card Overdraft Protection

When you enroll with Debit Card Overdraft Protection, Mission Fed may authorize your PIN and signature-based Debit Card purchase transactions, even if there is not enough money in your checking account to cover them.

There is no fee to enroll, and no fee will be charged unless you use the service and the transaction results in a negative balance that is greater than $10; the fee is $10 per item with a $30 per share maximum daily total fees we can charge for overdrawing your account (Please check our fee schedule.)

If you have a Breeze Spending account, free overdraft protection for debit card transactions is available up to $20 without direct deposit and up to $100 with direct deposit. (Please check our fee schedule.)

This is not a credit product; it is an overdraft protection program that is intended to be used occasionally for inadvertent overdrafts only and should not be relied upon when you know funds are not available in your account.

Find out if your account qualifies for this service and complete program details including how to enroll by logging into Mobile or Online Banking, then going to Member Service, Account Service. Or call us at 858.524.2850 or 800.500.6328 or ask at any branch.

For members who choose to participate in Overdraft Protection and already have Debit Card Overdraft Protection, the total amount is a combined overdraft limit for both services. If you have other overdraft protection services in place, those services will be used prior to Debit Card Overdraft Protection.

Opt Out
You can opt out of Debit Card Overdraft Protection by logging into Mobile or Online Banking and by changing your elections in the Overdraft Protection section or by sending us a secure message while logged in. You can opt out Overdraft Protection by sending us a secure message via Mobile and Online Banking. You can also visit any of our branches; call us at 800.500.6328; or mail a letter to Mission Federal Credit Union, P.O. Box 919023, San Diego, CA 92191-9023.

Disclosures

Overdraft Protection is offered at the discretion of the credit union and may be revoked, changed or discontinued at any time without prior notice. There is no fee to enroll, and no fee will be charged unless you use the service and the transaction results in a negative balance that is greater than $10, and there is a $30 per share maximum daily total fees we can charge for overdrawing your account (Please check our fee schedule.) Overdraft Protection is the last option after any overdraft funds transfers currently set up on your account. For members enrolled in Overdraft Protection and Debit Card Overdraft Protection, the total overdraft amount allowed is a combined limit for both services.
For Breeze Spending Accounts, free overdraft protection for debit card transactions is available up to $20 without direct deposit and up to $100 with direct deposit. $100 overdraft coverage requires qualifying monthly direct deposits of at least $500 into your Breeze Spending Account.
Refer to the current Consumer Fee Schedule at MissionFed.com/rates. For full details, refer to Mission Fed’s Checking Account Disclosure. Please contact us to discuss other options for overdraft protection.
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