Overview | Movers & Checkers


Overdraft Protection

Save yourself the embarrassment of bouncing checks. All of our checking accounts are available for overdraft protection.

Your checking account is linked to your savings account. If an item comes in for payment from your checking account and, there are not enough funds in your account to cover the debit, monies are transferred automatically from your savings account to your checking. In this way, you’re going to avoid “bounced item” fees and, that, is a great feeling.

Another way to avoid the distress of returned items is to establish a line of credit with AM Credit Union. This line of credit can be attached to your checking and left there, just in case. Anytime you realize that you could use a few extra dollars in your checking account, you can transfer funds from your line of credit into your account, at your leisure – in person, by phone – live or remote, or online at our website: www.amfcu.org. You can also make payments to this line in the same manner. It’s used much like a VISA card – without the card.

You have to make a minimum payment every month – you can always pay more, and, as soon, as you’ve made that payment, the funds are again available for your use – like a VISA card. And, the best part, is that you only have to pay interest on the amount outstanding and only for the number of days that the balance is outstanding.

Also, if you have not caught the boo-boo in your checking account fast enough, AM Credit union will transfer the necessary funds for you, in $100 increments, into your checking account. There is a small fee for this service, but you will not suffer returned item fees and merchant fees – a big plus. These lines are available up to $35,000.