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The Way Your Debit Card Works Has Changed

To opt-in or opt-out of debit card coverage, visit a Member Center or call our Member Help Center at (800) 762-0047, or read below to learn more.

Federal Regulation Changes to Your Debit Card
A new federal regulation went into effect on August 15, 2010 affecting members when they use their debit card and find out they don’t have enough money in their checking account to cover a purchase. The regulation changes how financial institutions are allowed to respond to everyday debit card transactions that cause a checking account balance to go negative.

You Have A Choice!
The new regulation gives you a choice on how you would like us to handle your debit card transactions that trigger non-sufficient funds (NSF) and cause your checking account balance to go negative. We agree you should have the choice to have your debit transaction either approved through our Debit Card Overdraft Coverage (even if it means drawing your account negative and resulting in a fee) or have it denied due to NSF to keep your account from becoming overdrawn.

Due to this change, Wright-Patt members has two new practices as of August 15th:

  1. We need your permission to cover any debit card transactions triggering your checking account to become negative and overdrawn due to NSF unless you have sufficient funds through Overdraft Protection and/or additional coverage through Overdraft Coverage.
  2. To help avoid accidental overdrafts, WPCU has also begun placing debit card transactions in a “pending” status. This is an instant hold on money used for a purchase.

We’ve provided the following information to help you better understand your debit card overdraft solutions and to learn how these changes may affect you.

Debit Card Pending Transactions/Holds - Effective August 15th!
The new regulation means WPCU can no longer allow even accidental overdrafts unless you give us your permission to do so. As a result, a new “Pending” transaction practice has begun as of August 15th. This is an instant hold on money in your account after it has been used to make a purchase. 

As of August 15, when you use your debit card to make a purchase the funds will be immediately flagged as pending and considered spent and unavailable for future debit card swipes. This new practice is probably the biggest change members will notice. A benefit of this change is you'll be able to see pending debit transactions using WPCU’s Home Banking.

What's Different? show

How Will It Work? show

When Could This Affect Me? show

Debit Card Overdraft Solution(s)
We don’t believe you should spend money you don’t have. We also know mistakes happen and you may find yourself in a situation where you make a purchase using your WPCU debit card and you don’t have enough money in your account.

You know best how to handle your account(s) and it is an individual decision. Some members may not want additional overdraft coverage. While others may want a backup plan for when their account is running low and they are willing to accept a possible fee for the service. Either way, we will handle your account according to your wishes.

What Types of Overdraft Solutions are Available? show

Overdraft Protection - How YOU Can Protect Your Account show

Overdraft Coverage - How WE Can Protect Your Account show

You can opt-in to Overdraft Coverage by visiting a Member Center, or by contacting us at (937) 912-7000 or toll-free at (800) 762-0047.

For more information about these debit card changes, you can also read two articles in our June MemberMatters Newsletter: Debit Card Changes Coming WPCU Lowers Debit/ATM Overdraft Fees and The Way Your Debit Card Works is Changing!

Other Ways to Manage Your Account(s)
In addition to keeping careful track of your checking account balance and setting up Overdraft Protection and Overdraft Coverage, we offer a number of services to help you better manage your finances. show

Frequently Asked Questions:
Learn more about Regulation Changes, Overdraft Coverage, Overdraft Protection and Pending Transactions. show

To download a script of Mr. Fecher's video, click here.