Accounts
When you become a member of New Dimensions, you become part of a financial family of financial experts who look to enhance your financial wellbeing by allowing you to keep more in your wallet.
Overdraft Protection Options
We know mistakes happen, that’s why we offer overdraft protection solutions.
Overdraft Protection helps you:
- Avoid damage to your credit.
- Avoid merchant fees for a returned check.
- Have peace of mind, knowing you’re covered if you make a mistake.
- If you accidentally overdraft your account, a fee is incurred. *
Overdraft Privilege:
We know that sometimes you might not have sufficient funds in your savings account to cover an overdraft. When that happens, the credit union may provide Overdraft Privilege.
This service is available to members in good standing at the credit union and:
- Automatically covers checks and ACH transactions.
- Has a $500 limit.
- Must be repaid in 35 days.
- Incurs a fee. **
- Is provided at the discretion of the credit union. *
- You may opt in to cover ATM and debit card transactions.
*Accounts will be charged the standard fee of $25 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic items that are paid and $25 for items returned. We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-day period for a full business day (weekends and holidays excluded). We may also not pay items if you default on any loan or other obligation to the credit union, or if your account is subject to any legal or administrative order or levy.
Overdraft Line of Credit:
In addition to Overdraft Privilege, we offer an overdraft line of credit*. You can determine the order in which these overdraft options are used.
When you link an overdraft line of credit to your checking account, funds to cover overdrafts will be disbursed as a loan in $100 increments and will incur finance charges.
* upon loan application approval