North Carolina SECU Introduces Overdraft-Free Days

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RALEIGH, N.C. – State Employees’ CU added a new enhancement to its overdraft protection program which will give members to two days a year in which overdraft fees will be waived.

Overdraft funds will be transferred from the protecting account as needed to cover items in a member’s checking account, but members will not be charged any overdraft transfer fee(s) for those two days.

The addition of Overdraft Fee Free Days follows numerous account enhancements to assist members who simply make an occasional calculation mistake. One program launched at the beginning of 2010 is NSF Fee Free Days, which allows members to have $12 Non-Sufficient Funds fees waived on two days during the year, regardless of the number of items marked as NSF on either of the two days. While SECU returns the items to the payee, credit union fees are waived to ease the financial burden to the member.

In addition, SECU’s Another Chance Program provides mobile alerts and an additional day for members to cover inadvertent overdrafts without fee, return or embarrassment, and Two-Way Text Messaging which allows members to receive current account balance(s) and account history notifications via text message.


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