The law allows Liberty FCU to pay items, such as debit card transactions, electronic withdrawals, checks, drafts, and checks converted to electronic items, drawn on your account in any order. When processing checks, we pay them according to the dollar amount and pay the smallest items first. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented so that you will incur fewer overdraft and other fees. Because debit card transactions, electronic withdrawals, and checks converted to electronic items may be presented throughout the day, our policy is to post and pay these transactions in the order they are received.
When an item is presented, we may at our discretion pay the item creating an overdraft or return the item, depending upon your available balance. If an item is returned for insufficient funds, the merchant may present the same item multiple times for payment. Each time that item is presented for payment with an insufficient available balance, your account will be charged an insufficient funds fee. Account holders should keep records and manage their accounts by balancing their statements monthly to avoid writing checks, using their debit card, and authorizing any other type of withdrawal without sufficient funds and incurring the resulting fees. We also encourage you to monitor your current and available balances in online banking.
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