Overdraft Privilege

Don't get sunk by overdraft fees


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


Overdraft Protection link to another deposit account you have at Salem VA Credit Union1

No Charge

Overdraft Protection Line of Credit1,2

Subject to fees + interest

Overdraft Privilege

$35.00 overdraft fee per item

1Contact us at (540) 344-4419 or info@salemvafcu.org, or come by a branch to sign up or apply for these services; 2Subject to credit approval.


With Overdraft Privilege vs. Without Overdraft Privilege


With Overdraft Privilege

Without Overdraft Privilege

Written Check Amount:          $50

Written Check Amount              $50

Overdraft Fee:                             $35

NSF/Return Fee                           $35

You Pay:                                         $85

Merchant Fee(up to):                 $70

2nd NSF/Return Fee*                $35

You Pay:                                          $190

*If merchant re-deposits check and funds are still unavailable.


Accounts will be charged the standard Overdraft fee of $35.00 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and $35.00 for items returned.  An overdrawn balance must be repaid within 32 days.  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-two (32) day period for a minimum of 24 hours, if you default on any loan or other obligation to Salem VA Federal Credit Union or if your account is subject to any legal or administrative order or levy.


Frequently Asked Questions

Extended Coverage Consent Form

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