Banking Made Easy: Part 2

In this episode, Danny, Kathleen & Ashley continue to cover the basics about your checking account!

Talking about money can be overwhelming and navigating the banking world shouldn’t be a mystery. On Banking Made Easy, join the TFed Street Team as we tackle different banking topics and offer our personal insights as well as understanding we’ve gained from working at a Credit Union to help make banking easier for you.

Overdraft Advance is a non-contractual discretionary service offered by TFed that may cover a transaction when sufficient funds are not available up to an established limit. A $30.00 fee will be charged for the payment of each overdraft item. Overdraft Advance covers checks and other preauthorized debits including, if you decide to opt-in, ATM and Debit card transactions. All overdraft balances must be repaid within 30 days of overdrawing the account. Members who are 18 years or older and have had an account in good-standing with TFCU for at least 90 days are eligible to participate in the Overdraft Advance program. Second Chance Checking Accounts are not eligible for Overdraft Advance Program. The payment of overdrafts is discretionary and TFed reserves the right not to pay overdrafts and to discontinue a member’s participation in the program. Please refer to additional information and disclosures on your Overdraft Advance election form.

Federally insured by NCUA and is an Equal Housing Lender.  Membership is established with a $5.00 share/savings account and is available to anyone who lives, works, worships or attends school in Bristol County, Massachusetts; Bristol, Kent, Newport and Providence counties in Rhode Island; and the Rhode Island towns of Charlestown, Exeter, Hopkinton, Narragansett, New Shoreham, North Kingstown, Richmond and South Kingstown.

Note: This episode was originally recorded in 2020. Some information may have changed since the time of recording. For the most up-to-date details, please visit tfed.com or contact us directly.