Convenience

FAA FCU offers a variety of traditional services just for you. Some of the services available are:

Money Orders & Cashier's Checks

Traveler's Cheques
Wire Transfers (Incoming & Outgoing)
Foreign Wire Transfers
Safety Deposit Boxes
Account Research
Account Reconciliation

Notary Services (Free to members)

Direct Deposit. For added safety and convenience, part or all of your payroll check may be automatically deposited into your account. Social Security and retirement checks may also be deposited through the Automated Clearing House (ACH). The money is available immediately upon deposit and you will no longer have to worry about whether outstanding checks will clear. Check and personal safety and security issues vanish because electronic transfer eliminates the traditional paper check. Ask us how to get your direct deposit started today!

With direct deposit, your money is already there when you want it � it�s secure, reliable and immediate.

What is FAAst Draw Courtesy Pay?
FAAst Draw Courtesy Pay is a new service that adds a measure of protection to your personal checking account. FAAst Draw may cover your insufficient funds , up to your approved limit, for one low fee per covered overdraft transaction. That means, instead of returning a check to the merchant because of insufficient funds, the credit union may pay your check, saving you additional charges from the merchant collection companies, in addition to the credit union's insufficient funds fee. It saves you the embarrassment an inadvertent overdrawn check or returned eft can cause. It also helps protect your credit rating.

How Does FAAst Draw Courtesy Pay Work?
Overdrafts on your checking account, up to a limit (including the amount of the overdrawn item(s) and the FAAst Draw Courtesy Pay fee(s)) may be honored by the FAA Federal Credit Union at our discretion. A $30 fee will be assessed for each item that draws your account negative. You then have up to 30 days to bring the account current, either through a Direct Deposit, transfer of funds, or a deposit at one of our branch offices.

Do I have to apply for this service?
No. We require no application or additional signatures. As long as you are a member in good standing which includes having a checking account with us for at least 90 days, you have Direct Deposit into that checking account, you have no delinquent loans, bring your account back to a positive balance regularly, and there are no legal orders against the account, your FAAst Draw Courtesy Pay privilege remains activated. This non-contractual courtesy of paying overdrafts requires no accountholder action. It is not a loan. No additional agreements need to be signed, and it costs nothing unless the privilege is used - by initiating checks, electronic funds transfers, or other payment or withdrawal requests for more than is on deposit in the account. We will send you a notice each time an overdraft occurs.

How much is my FAAst Draw overdraft limit?
Your overdraft limit (the total amount you can be negative at any one time), is based on your single highest Direct Deposit amount from the previous month not to exceed $1000.00.

What if I already have overdraft protection?
If you already have our traditional overdraft protection, the overdraft protection will be activated in the order that you established it. If there is no overdraft protection or your overdraft protection has been depleted, FAAst Draw Courtesy Pay may pay your overdraft.

Payroll Deductions. If you are employed, you can enjoy the convenience and peace of mind of automatically paying your FAA FCU loans with Payroll Deduction. Payroll and Automatic Deductions save you time, postage and worry!

Audio Response (AMI). Enjoy around the clock access to all of your FAA FCU accounts from anywhere a touch-tone phone is available. Through AMI, you may perform various inquiries, check the amount of your payroll deposit and even transfer funds from one sub-account to another. AMI is available 24 Hours and may be accessed by calling (901) 366-5008 or toll-free (800) 960-5008 . It�s FAAst and it�s free!

Overdraft Protection. Your Checking Account may be automatically protected with the funds in your Savings Account or you may also choose to set up other joint Savings Accounts as coverage. You may apply for an Overdraft Protection Loan to establish a line of credit that can be accessed to cover an overdraft and eliminate the need to apply for a loan every time you may need additional funds.