If you are not covered by our overdraft protection service, and we choose to process a debit which overdraws your account, or which exceeds (or further exceeds) your overdraft protection limit, the cost is a minimum overdraft interest charge of $5.00. There is an additional $5.00 charge for each item debited to your account, while the account remains in overdraft or over your overdraft protection credit limit. If Souris Credit Union chooses to allow one or more such withdrawals, it has no obligation to do so again at any time in the future.
Souris Credit Union's standard overdraft rate is currently 18% per year and may vary from time to time. Interest is calculated on the final daily balance of the overdraft and is compounded monthly. Interest will apply before and after demand, default, or judgement.
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