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No Overdraft Fees

Say goodbye to overdraft and non-sufficient funds fees!

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Overdraft Fees. Gone!

Last year alone, banks and credit unions charged over $30 billion in overdraft fees. The average overdraft fee is $34. That is a new record high, rising for the 20th time in the past 22 years. 

The bottom line is that overdraft fees hurt consumers, especially those individuals and families are most vulnerable financially.
 

Member-First

When you bank with us you are part of our family and family doesn’t take advantage when you need them most. That is why we decided to do what we always do — put the financial needs of our members above all else.

We are proud to be the first credit union in Delaware and one of the few financial institutions nationally to fully eliminate overdraft and non-sufficient funds fees.
 

We’re putting almost $1 million annually back in our members’ pockets for the things that matter most.


No longer do you need to worry about piling up substantial fees because you forgot about a payment or had an unexpected expense.
 

Inclusive Banking

This is what sets us apart from the more profit-driven financial institutions that are making decisions in the best interest of outside shareholders not their customers.

With the elimination of overdraft and non-sufficient funds fees, we hope to make banking more accessible, inclusive, and forgiving.
Overdraft Fee Comparision
We've Got Your Back

Maria C.

Member since 1996

“I made a mistake in balancing my checkbook and because of my loyalty they waved my fees. I’m a real fan of Devidot Credit Union because I’ve always had my problems solved.”

Everything You Need to Know

Accordion Section

An overdraft occurs when a transaction is made and you do not have enough money in your account to cover the transaction. When this happens you may be charged an overdraft fee.
 

There are two types of standard fees when you overdraft depending on whether or not the transaction is paid by your financial institution.

 
  • Overdraft Fee: is a fee charged when you make a transaction that exceeds your account's available balance but the financial institution pays the transaction.
  • Non-Sufficient Funds Fee: is a fee charged when you make a transaction that exceeds your account's available balance and the financial institution does not pay the transaction, and the transaction is returned.

 

Beginning October 1st 2021, Devidot Credit Union will eliminate all overdraft and non-sufficient funds fees for its members.

And no, we won’t be increasing other fees to make up for what we made from overdraft and non-sufficient funds fees.
These fees hurt our members, especially those individuals and families are most vulnerable financially. We don’t think that is right, so we decided to do what we always do and put the financial needs of our members above all else.

By eliminating overdraft and non-sufficient funds fees, we’re putting almost $1 million annually back in our members’ pockets for the things that matter most.
Devidot Credit Union is the only credit union in Delaware and one of the few financial institutions nationally to fully eliminate overdraft and non-sufficient funds fees.

Last year alone, banks and credit unions collected over $30 billion in overdraft fees from consumers. On average, most banks and credit unions charge $34 for each overdraft.
If an overdraft happens and you qualify for overdraft protection, we will cover your transaction up to the designated overdraft protection limit so you can avoid the hassle and merchant fees of declined transactions.

If you do not qualify for overdraft protection or have opted out of overdraft protection, your transaction will be declined or returned.

Either way, we will NOT charge you a fee. Keep in mind though, depending on the type of transaction, the merchant may charge you a fee if the transaction is declined or returned. 

Overdraft balances are due within 10 days. If the negative balance is not brought current within 10 days a fee of $10 will be assessed. If you do not want us to authorize and pay your overdrafts with overdraft protection, please contact us at 800-548-5465 to let us know.
Yes, if you want your debit card or ATM transaction to go through and not get declined when you overdraft. Consumer law states that you have to specifically let us know if you want coverage for ATM transactions or everyday debit card transactions. To enroll in Courtesy Pay Overdraft Protection click here.

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