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Unexpected overdrafts can occur.
Unlock the CODE to overdraft protection options.



CODE Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.

Overdraft Coverage Options

The choice is yours. Consider these ways to cover overdrafts:

Overdraft Protection link to another deposit account you have at CODE Credit Union1$0 fee per transfer
Ready Cash Credit Line1, 2Subject to interest
Overdraft Privilege$29 Overdraft Fee per item.

1Call us at (937) 222-8971, email us at, or come by a branch to sign up or apply for these services; 2subject to credit approval.

Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or Ready Cash Credit Line you may have at CODE Credit Union for a finance charge. Please note that overdraft lines of credit are subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know” section included with this disclosure for other important information.

Transactions Covered with Overdraft Privilege
Standard Coverage
(No action required)
Extended Coverage
(Your consent required) *
ACH – Automatic Debits
Recurring Debit Card Transactions
Online Bill Pay Items
Teller Window Transactions
ATM Transactions 
Everyday Debit Card Transactions 

*If you choose Extended Coverage, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage.

If you would like to select Extended Coverage for future transactions:
· call us at (937) 222-8971
· complete the online consent form by clicking on “Enroll Now” at the top of the page and return it to the most convenient CODE Credit Union branch or mail to us at 355 W. Monument Ave. Dayton OH 45402
· visit any branch
· e-mail us at

You can discontinue Overdraft Privilege in its entirety by contacting us at (937) 222-8971 or sending us an email at

What Else You Should Know

  • A link to another account or a line of credit may be a less expensive option than an overdraft. A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts. Good account management is the best way to avoid overdrafts. Use our mobile banking, internet banking, and telephone banking services to keep track of your balance. For additional information about linking an account or credit line for overdraft coverage, talk to a Financial Services Representative.
  • The $29 Overdraft Fee that is charged if you overdraw your account is the same fee amount that is charged if an item is returned as unpaid. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Overdraft Fee or a Return Item Fee of $29. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee.
  • If an item is returned because the available balance in your account is not sufficient to cover the item and the item is presented for payment again, CODE Credit Union will charge a Return Item Fee each time it returns the item because it exceeds the available balance in your account. If, on re-presentment of the item, the available balance in your account is sufficient to cover the item CODE Credit Union may pay the item, and, if payment causes an overdraft, charge an Overdraft Fee.
  • For accounts, there is no limit on the total Overdraft Fees per day we will charge per day we will charge.
  • This describes the posting order for purposes of determining overdrafts. Our general policy is to post items throughout the day and to post credits before debits. Paper checks are posted smallest to largest order, while ATM, ACH and debit card transactions are posted in the order in which the items are received. However, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Holds on funds (described herein) and the order in which transactions are posted may impact the total amount of Overdraft Fees or NSF Fees assessed.
  • Although under payment system rules, CODE Credit Union may be obligated to pay some unauthorized debit card transactions, CODE Credit Union will not authorize debit card or ATM transactions unless your account’s available balance (including Overdraft Coverage Options) is sufficient to cover the transactions and any fee(s).
  • Giving us your consent to pay everyday debit card and ATM overdrafts on your consumer account (Extended Coverage) may result in you incurring Overdraft Fees for transactions that we would otherwise be required to pay without assessing an Overdraft Fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit and may also help you avoid overdrafts in excess of your available balance. If you consent to Extended Coverage on your consumer account, it will remain on your account until it is otherwise withdrawn.

CODE Credit Union authorizes and pays transactions using the available balance in your account. CODE Credit Union may place a hold on deposited funds in accordance with our Deposit Account Agreement