Member Privilege

Having a check or a pre-authorized debit returned  due to insufficient funds can be a costly or embarrassing situation.   That's why at ABE, we encourage you to avoid overdrafts and manage your finances responsibly.  However, we want to save you from the embarrassment, additional merchant fees and possible damage to your credit history that might result if a check or pre-authorized debit is returned. That is why we provide Member Privilege™  , a special overdraft privilege for your checking share draft account.  This program which is offered above and beyond any ABE overdraft protection you may currently have on your account, can help you when unexpected circumstances arise.

Here is how it works:

If you maintain you checking share draft in good standing (defined as making regular deposits and bringing your checking share draft to a positive balance at least once every 30 days and maintaining a current balance on all other accounts), Member Privilege™   may:

Honor overdrafts up to $500.00.  This includes our standard NSF fee of $25.00 for each item.

We will notify you via mail if an overdraft occurs.

No interest will be charged on the overdraft balance.

Your Member Privilege™  limit will be available to you by writing a check, pre-authorizing an ACH Debit or making a debit card or POS transaction.  However, your limit will not be included in the balance provided by a teller, at the ATM or through Member Web Connect or Telephone Audio Response.

Member Privilege™ is just one more service ABE Federal Credit Union offers to bring added convenience and service to our members.