Avoid the expense and inconvenience of overdrafts with overdraft protection from Georgia Heritage FCU. Overdraft protection is available on all of our checking accounts using your savings account.

Click here for information on how to protect your personal checking account with Courtesy Pay, an added member service.

Please contact us if you have any questions about overdraft protection.

Please Help us Comply with Regulation D

Under Regulation D, federal regulations place certain limits on the number of transfers members can make from their share (savings) accounts.

Deposits are categorized under two general account types, transaction account and non-transaction account:

• Regulation D defines a transaction account as one that allows unlimited third-party transfers and does not impose early withdrawal penalties. Checking Accounts are transaction accounts.
• Regulation D identifies all other accounts as non-transaction accounts. This category includes Regular Savings Accounts, Minor’s Savings Accounts, CLUB, Money Market Savings Accounts, and Certificate Accounts. The regulation does not permit more than six electronic withdrawals or transfers per calendar month for these accounts.

The regulation allows up to six (6) withdrawals, transfers for overdrafts (NSF’s), pre-authorized automatic or telephone transfers per month. These transfers include three(3) automatic clearing house (ACH) transactions from a member’s share account to another of his/her accounts at the Credit Union, or to a third party.

For example, if your mortgage payment is debited from your savings account on a monthly basis to a third party, this would count as one of the three (3) pre-authorized transfers.

UNLIMITED Electronic Withdrawals for Non-Transaction Accounts:

• Withdrawals done in person at one of our office locations
• Transfers done in person at one of our office locations
• Cash withdrawals at an automated teller machine (ATM)
• Transfer requests made at an ATM
• Withdrawals (made payable to “self”) using Telephone Teller (Call 24)
• Withdrawals (made payable to “self”) requested by phone through a Member Service Representative
• Automatic loan payments made on a Georgia Heritage Federal Credit Union LOAN
• Withdrawals requested by mail

Any transfer requests (including overdraft transfers) that are received after you have exceeded your limit of six will be rejected. In addition, any ACH debits that are received after the limit has been exceeded will be returned for insufficient funds. Transfers made by a telephone call to the Credit Union, Call 24, and/or Homebanking DO count towards the six-transfer limitation. However, it does not count if the transfer is a loan payment to the Credit Union.

To avoid exceeding Regulation D limits on non-transaction accounts:

• Make recurring electronic payments from your checking account instead of your savings;
• Keep sufficient balances in your checking account to avoid overdrafts;
• Use a line of credit for overdraft protection instead of a savings account;
• Perform transfers (including wire transfers) at an ATM or in person at one of our office locations.

Effective April 1, 2004, in order to comply with Regulation D, Georgia Heritage FCU will STOP all pre-authorized automatic, telephone transfers, or transfers made to cover a non-sufficient funds check (NSF) over six per month.

Thank you for your assistance in helping the credit union comply with Regulation D. Should you have any questions please call (912) 236-4400 Lathrop or (912) 927-7717 Georgetown.

REGULATION “D” IS A DIRECTIVE OF THE FEDERAL GOVERNMENT, NOT OF THE CREDIT UNION.