Checking Accounts
With NCP checking, you have the convenience you want and the flexibility you need.
NCP's outstanding checking features include:
- Low Minimum $15 opening deposit when you sign up for direct deposit at the same time ($50 minimum opening deposit without direct deposit).
- No minimum balance and no monthly service fee
- Competitively priced checks in a variety of styles
- Carbon copy checks for easy record keeping
- Monthly statement either by paper or via electronic eStatements
- Quick and easy check ordering.
Overdraft Protection
In the event that the funds in your checking account are insufficient, overdraft protection provides peace of mind. There is a $27.00 fee for this service.
There are two options for Overdraft Protection:*
1. From Your Savings Account. In accordance with Federal Regulation D, you may transfer up to six times per month from any share account designated to cover non-sufficient funds. The overdraft option must be selected by the member to be active. **
2. From Your Overdraft Line of Credit. Alternately, you may apply for an ongoing Line-of-Credit. The interest rate for the Line-of-Credit is dependant upon the member's credit qualifications. The overdraft option must be selected by the member, who specifies which account will provide the primary overdraft protection.
*Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. The fee for overdraft transfers, if any, is set forth in the Truth-In-Savings Disclosure. This Agreement governs all transfers, except those governed by agreements for loan accounts.
**If, on any day, the funds in your share account are not sufficient to cover drafts, fees or other items posted to your account, we may pay or return the overdraft in accordance with our overdraft policy or an overdraft protection plan you have with us. The Credit Union’s determination of an insufficient account balance may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account required. We do not have to notify you if your account does not have funds to cover drafts, fees or other posted items. Whether the item is paid or returned, your account may be subject to a charge as set forth in the Truth-in-Savings Disclosure. Except as otherwise agreed in writing, we, by covering one or any overdraft, do not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time without notice. If we pay a draft or impose a fee that would otherwise overdraw your account, you agree to pay the overdrawn amount in accordance with our overdraft policy.
