Ensure your checking and debit card transactions are covered if your account balance runs low.

Protect your finances with Overdraft Privilege

  • Offers added security when unexpected expenses occur
  • Eliminates the inconvenience and embarrassment of declined transactions
  • Serves as a last line of defense when other overdraft sources have been exhausted

Protection options

  • Overdraft Privilege for Checks & ACH – available on all eligible checking accounts
  • Overdraft Privilege for Debit Cards – members must opt-in for this service


There are no fees to sign up. If you never use Overdraft Privilege, you will never be charged a fee. Each Overdraft Privilege transaction approved for payment will be assessed a $35 fee.

close up of credit card machine

Here's how to contact us to activate Overdraft Privilege on your account 

Visit any branch location

Call (602) 683-1000 or 1-800-523-4603 (outside Maricopa County)

Email us from your online account

Write to us:
Arizona Financial Credit Union
PO Box 60070
Phoenix, AZ 85082-0070

What you need to know about overdrafts and overdraft fees

An overdraft occurs when you make or authorize any transaction that exceeds your available account balance(s) or if you are assessed a charge that exceeds the balance in your account. Unless you have an approved Overdraft Protection Plan with us, you agree not to cause an overdraft.

Arizona Financial has two overdraft protection plan options:

  1. Overdraft transfer from available funds in a basic share savings account or an approved credit line: Line of Credit or Visa® Credit Card.
  2. Overdraft from approved Overdraft Privilege funds.

In the event a transaction causes your checking account to be overdrawn, we will transfer available funds from your share (savings) account in an amount sufficient to cover the overdraft amount. If you have an approved line of credit (LOC) or Visa Credit Card, we may transfer funds from either credit line to cover an overdraft if the unused limit is sufficient to do so. There is no overdraft fee associated with these transfers. Interest will accrue on amounts transferred from either credit line. Your account is automatically enrolled in these transfer options.

When funds are not available from your share (savings) account or available credit lines, we may, at our discretion, provide you an overdraft option to overdraw your checking account using the Overdraft Privilege service up to an amount determined using the following criteria:

  • Age of your account
  • Average number of deposits
  • Dollar amount of deposits
  • Deposit patterns
  • Account “Good Standing” status
  • Ongoing overdraft activity, including timely repayment

Natural person consumer accounts, grantor trust accounts and business entity accounts are automatically enrolled in Overdraft Privilege upon meeting eligibility requirements. The standard Overdraft Privilege program covers payments made by check or payments made using your checking account number (e.g., automated or electronic payments). It does not cover debit card transactions. You must affirmatively authorize us to pay everyday debit card transactions.

No application is required for the Overdraft Privilege service; eligibility is at the sole discretion of the credit union. The overdraft limit authorized for your use depends on the factors noted above and based on you managing your checking account in a responsible manner. Generally, we authorize the payment of overdrafts when:

  • Regular deposits are made to cover your overdraft transactions.
  • Your membership and ability to repay the overdraft negative balance, including fee assessments, does not present risk to you or the credit union.
  • Loan obligations are current and free from delinquency.
  • There are no legal or administrative orders, levy, or bankruptcy proceedings preventing us from offering the service.
  • Minimum age requirements are met.
  • Your account is not under review for fraudulent activity.
  • We use the available account balance to authorize transactions for payment. The available account balance may be different than the current account balance. See the Accounts and Services Membership Agreement section titled Current Account Balance versus Available Account Balance for more information.
  • You may opt-out of the payment of transactions using Overdraft Privilege at any time by contacting us. See "How to Contact Us" above.
  • Each Overdraft Privilege transaction approved for payment will be assessed a $35.00 overdraft fee.
  • When processing transactions to your account, our policy is to pay them in the order in which they are received.
  • Overdraft Privilege is not a line of credit. As such, the Overdraft Privilege negative balance amount must be repaid within 35 days from the date of the overdraft transaction(s), including the overdraft fee(s).
  • All deposits made to overdrawn accounts are applied to the negative balance.
  • Overdraft protection is intended for use on an occasional basis when your spending has accidentally exceeded your checking account balance.
  • The payment of overdrafts from savings, credit lines and Overdraft Privilege is discretionary, meaning we do not guarantee payment of any transaction that causes your checking account balance to exceed its available account balance.
  • The amount we may authorize for the payment of a transaction or transactions from Overdraft Privilege is determined by the deposit activity in your account and your timely attention to the repayment of Overdraft Privilege funds owed, including fee assessments.
  • Notification of transactions paid from Overdraft Privilege, including associated fees, is communicated only in your transaction history / periodic statement. We do not send separate notice of a paid overdraft transaction.
  • Transactions authorized by an account owner are considered authorized by you and subject to overdraft protection rules, including Overdraft Privilege usage and associated fees.
  • You are responsible for repaying Overdraft Privilege transactions and the associated fees as soon as possible, but no later than 35 days from the date the overdraft occurred. Non-payment beyond 35 days is subject to collection proceedings.
  • Refer to the Accounts and Services Membership Agreement for detailed information about overdraft protection.

We monitor accounts for chronic or excessive use and reserve the right to suspend or discontinue the service at any time.