New federal regulations went into effect on July 1, 2010, that affect ATM withdrawals and debit card
purchases as they pertain to your checking account and overdraft
All financial institutions must obtain your approval before allowing
payment of your ATM withdrawals and debit card purchases that may
overdraft your checking account.
Wakota Federal Credit Union currently provides this service to
qualified members as part of our Overdraft Services Program.
Members prefer this service to avoid the embarrassment of having
their debit card purchase or ATM withdrawal denied.
As a result of this government change, you will need to complete an
opt-in form to continue receiving Overdraft Services.
Click here to download an opt-in form
Why Opt In?
The new regulations are designed to protect consumers from high fees
and service charges. In response to these changes, many financial
organizations are restructuring their checking account fees. Rest
assured that fees have never been a major source of revenue at
We provide high-value checking for our members. So spread the word -
we're proud to serve your community!
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