Overdraft Privilege Service Opt-Out / Opt-In Form * Required Fields Member Name: Email Address: Primary Phone: Checking Account #: IMPORTANT: Any of the Joint Owners of an account can Opt-Out. If an account has been Opted-Out, all Owners must Opt-Back-In. Overdraft Privilege Service (ODP) Information ODP is a service that allows us to pay an item presented against your account even if it causes the account to become overdrawn. ODP may provide certain members in “good standing” the ability to overdraw their account up to $500.00. The ODP limit includes any overdraft fees assessed. If the account has been opened and maintained in good standing, defined as A) Making regular deposits sufficient to cover transactions; B) Bringing the account to a positive balance every thirty (30) days or less; and C) There are no legal orders outstanding on your account, we may, at our sole discretion, pay overdrafts up to the limit mentioned above, including our normal Non-Sufficient Funds or ODP fees. Whether we pay or return the item, your account will be assessed a fee, either an ODP Fee or a Non-Sufficient Funds Fee but you will not be charged both fees. Our current charge per item is $36 which may be changed with prior notice to you. This non-contractual courtesy of paying overdrafts requires no accountholder action. No additional agreements need to be signed, and it costs nothing unless the privilege is used – by initiating check, ATM withdrawals, debit card withdrawals, or other payment or withdrawal requests for more than is on deposit in the account. If you maintain the account in good standing and have need for this “courtesy”, we may, at our sole discretion, pay the item(s) up to the authorized limit, and we will charge the account our normal Non-Sufficient Funds or ODP Fee for each item that overdraws the account. You then have up to 30 days to bring the account current. Although you are not charged for using Overdraft Privilege Services unless you overdraft, you may opt-out at any time. If you do not want us to pay your overdrafts, you must tell us (“opt-out”). If you receive a direct deposit of your social security or other federal benefit check, you must opt-out if you do not want us to apply those funds to repay an overdraft. Overdraft Privilege Service allows ASECU to provide a higher level of service to our members by helping to protect your account and reputation when an inadvertent overdraft occurs. Not all members will qualify for Overdraft Privilege Service; in such cases, ASECU normal non-sufficient funds policy applies. Yes I want to OPT-OUT of Overdraft Privilege: I do not want ASECU to pay my overdrafts under the Overdraft Privilege Service (ODP). Return any unpaid items that I may write or authorize. If I overdraw the account I understand that I will be charged a Non-Sufficient Funds (NSF) fee as well as fees imposed by merchants and collection agencies in addition to ultimately paying the overdrawn item. Only one (1) signature is required to Opt-Out if this is a joint account. Yes, I would like to OPT-BACK-IN to Overdraft Privilege: I/We would like to OPT-BACK-IN and have ASECU pay our overdraft items under the ASECU Overdraft Privilege Service (ODP). I/We agree to pay the ODP fees associated with this account according to the ASECU current fee schedule, which may change from time to time. All Owners must sign if this is a joint account. Electronic Signature: You consent and agree that your use of a key pad, mouse or other device to select an item, button, icon or similar act/action while using any electronic service we offer; or in accessing or making any transactions regarding any agreement, acknowledgement, consent, terms, disclosures or conditions constitutes your signature, acceptance and agreement as if actually signed by you in writing. Further, you agree that no certification authority or other third party verification is necessary to validate your electronic signature; and that the lack of such certification or third party verification will not in any way affect the enforceability of your signature or resulting contract between you and ASECU. You understand and agree that your e-Signature executed in conjunction with the electronic submission of your application and/or form shall be legally binding and such transaction shall be considered authorized by you. 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