What You Need To Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that come with your account.

  2. We also offer overdraft protection plans, such as a link to another account, which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the Standard Overdraft Practices that Come with My Account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number

  • Automatic Bill Payments

We will not authorize and pay overdrafts for the following types of transactions without your consent:

  • ATM Transactions

  • Everyday Debit Card Transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction may be declined.

What fees will I be charged if Mainstreet Credit Union pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $27.50 each time we pay an overdraft
  • There is no limit per day on the total fees we can charge you for overdrawing your account.

What if I want Mainstreet Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 913-599-1010 or 888-395-1010, complete the form below, or mail consent to: PO Box 15359 Lenexa, KS 66215.  

Overdraft Coverage Options

You can revoke your authorization for Mainstreet Credit Union to pay these overdrafts at any time by any of the above methods.  Your revocation must include both your name and your account number so that we can properly identify your account.


Online Consent Form

The suffix is the number added to your member number to indicate the checking account (example: 12345-21). Fill out a form for each checking account. 
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Overdraft Authorization
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