Overdraft Privilege


Salem VA 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 Salem VA Credit Union1

No Charge

Overdraft Protection Line of Credit1,2

Subject to fees + interest

Overdraft Privilege Standard or Extended

$35 Paid NSF Fee per item presented*

1Contact us at (540) 344-4419 or info@salemvafcu.org, or come by a branch to sign up or apply for these services
Subject to credit approval
* Per item presented means each time an item is presented, including representment


Overdraft Protection
applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, or line of credit you may have at Salem VA Credit Union for a fee or 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 What Else You Should Know for other important information.


Transactions Covered with Overdraft privilege

Standard Coverage
(No action required)

Extended Coverage
(Your consent required on consumer accounts)

If you would like to select Extended Coverage for future transactions




  • Call us at (540) 344-4419
  • Complete the online consent form found at www.salemvafcu.org
  • Visit any branch
  • Complete a consent form and mail it to us at 112 West Main Street, Salem, VA 24153
  • E-mail us at info@salemvafcu.org




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 on your consumer account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.


You can discontinue Overdraft Privilege in its entirety by contacting us at (540) 344-4419 or sending us an e-mail at info@salemvafcu.org.


For more information please login to your online banking account or visit a branch in person.

Extended Coverage Consent Form

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