One of the many convenient services available to our members is a share draft checking account. Checking at TVFCU is free! There is no minimum balance requirements and there is never a monthly service charge or per check charge. The only fee to you is the cost of your checks. Prices for checks vary depending on personal style.
Canceled checks are not returned to you, yet you may request copies of canceled checks, which are available for a seven year period for a minimal charge. For easy reconciliation, you can expect to receive a monthly statement of activity concerning your share draft account.
For Your Own Protection…
Overdraft Protection, (Loan 8), is a good idea if you have a share draft checking account. Should there ever be insufficient funds in your share draft account for a check you have written, the Overdraft Protection will cover that check up to the agreed amount on your loan application. You will not be charged interest if you do not use your Overdraft Protection, (Loan 8). Interest only begins accumulating when the Overdraft Protection is activated. There is a $20.00 fee for insufficient funds in your share draft account, if you do not have Overdraft Protection, and also when the funds in your primary share account are unable to cover the check amount.
Overdraft Line of Credit Application
