Bounce Protection Plus

Bounce Protection Plus

To extend our overdraft coverage, we've added a new service for Debit Card and ATM transactions - Bounce Protection Plus. To comply with the Federal Reserve's Regulation E, you must notify us if you want transactions made with your ATM or Debit Card to be eligible for payment through our new Bounce Protection Plus service should you ever find yourself in a situation where your account is inadvertently overdrawn.

Opting-in to Bounce Protection Plus takes overdraft protection to a new level. Unlike other financial institutions, with Bounce Protection Plus you'll only pay one cent (1¢) per overdraft², here's how:

Let's say you're using your ATM or Debit Card at the grocery store and the amount of your purchase exceeds your available balance, your transaction will be declined. However, if you've opted-in to Bounce Protection Plus your transaction will be approved and you'll only pay one cent (1¢) per overdraft:

• American Airlines Credit Union will charge you only one cent (1¢) per overdraft item provided you either:
  • Correct the overdraft before 8:00 PM (Central Time), or
    
  • You had a small overdraft that did not take your end-of-day account balance into the negative by more than $10.

With Bounce Protection Plus you don't pay anything unless you use the service and there is no cost to enroll. Opt-in today so you won't be left at the check-out counter!

¹ Bounce Protection overdraft service is automatically included on all of our Checking accounts except Ascend. Bounce Protection covers overdrafts that may occur when payments are made via check or automated (ACH) payment when not enough funds are available to cover a transaction. American Airlines Credit Union charges a $25 fee per item paid using this service. Checking account must have Direct Deposit to be eligible for this service, the maximum number of overdraft the credit union will honor is 10 per month with a maximum of 24 for the life of the account, once that limit is reached no more overdrafts will be paid. Maximum dollar amount the checking account is allowed to go negative is $500. Once an overdraft has occurred, you are obligated to bring your account to a positive balance within 30 days. We pay overdrafts at our discretion and do not guarantee that we will always pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be returned. For example, we typically do not pay overdraft(s) on accounts opened less than 90 days, if your account is not in good standing; which includes, but is not limited to, any negative balance or past due loans over 30 days, if you are not making regular deposits, or if you have too many overdrafts. See our Rate & Fee Schedule for more information.

² Bounce Protection Plus allows you to pay only one cent (1¢) per overdraft item provided you either: correct the overdraft before 8:00 PM (CST) or your overdraft did not take your end-of-day account balance into the negative by more than $10, otherwise the overdraft fee of $25 will apply for each overdraft item. Once an overdraft has occurred, you are obligated to bring your account to a positive balance within 30 days. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdraft(s) on accounts opened less than 90 days, if your account is not in good standing; which includes, but is not limited to, any negative balance or past due loans over 30 days, if you are not making regular deposits, or if you have too many overdrafts. See our Rate & Fee Schedule for more information.