Ingersoll-Rand Federal Credit Union

Share Draft / Checking





 

 

 

             

        

 

  FREE SHARE DRAFT/CHECKING!!!

 
 
 
Why pay for share draft/checking when you can get it free?  There are no hidden fees with our share draft/checking account.  The only thing you pay for are your checks.  Some of the reasons why you should have your share draft/checking account with us are:
 
  • NO MINIMUM BALANCE
  • VIRTUAL BRANCH INTERNET BANKING / BILL PAY
  • MASTER CARD DEBIT CARDS AT NO ADDITIONAL COST
  • OVERDRAFT PROTECTION
  • DIRECT DEPOSIT
  • NIGHT DEPOSIT
  • NO LIMIT ON DEPOSITS OR WITHDRAWALS
  • MONTHLY STATEMENTS

To open your share draft/checking account, stop by our office. Our Member Service Representatives will be glad to open this account for you.

                                                       

 

Overdraft Privilege

     Overdraft Privilege helps protect you against having your items returned in the event of an inadvertent overdraft of your checking (share draft) account by giving you a reserve for emergencies or unexpected situations.  There is no fee for having this privilege on your account.  You are only charged if you overdraw your account.  Overdraft Privilege is not a line of credit.  However, if you overdraw your checking (share draft) account, we will normally pay the overdraft, subject to the limit of your Overdraft Privilege.

     Accounts will be charged the standard Overdraft Fee of $20.00 for handling each overdraft created by Check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic items that are paid and $20.00 for items returned.  An overdrawn balance must be repaid within thirty (30) days.  We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account balance to a positive balance within every thirty (30) day period for a minimum period of 24 hours, if you default on any loan or other obligation to Ingersoll-Rand Federal Credit Union or if your account is subject to any legal or administrative order or levy.  Ingersoll-Rand Federal Credit Union will not pay overdrafts for ATM or everyday Debit Card transactions unless you have opted in to the payment of these overdrafts.  If you already opted in, then you are covered for Overdraft Privilege.  If you have not opted in and wish to have the above transactions covered, click here for an Opt-In Form.  

 

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