RALEIGH, N.C. – State Employees’ CU announced yesterday that overdraft fees for members will be waived on two days a year – what SECU calls "NSF-Fee Free Days."
Regardless of the number of items marked as non-sufficient fees on either of the two days, SECU will return the items to the payee but waive its $12 per NSF fee.
More improvements in SECU’s overdraft protection program are planned for later in the year, the credit union said, including the release of a new controlled spending account designed to be used in conjunction with a debit card, for members who would like to eliminate the possibilities of overdrafts entirely.
SECU is also working on a program called "Another Chance," which will provide mobile alerts and an additional day for members to cover inadvertent overdrafts without fee, return or embarrassment. The "Another Chance" program is scheduled for introduction in spring 2010.
