Member Privilege1 is an overdraft service provided to Bangor Federal members with an active checking account. This service may be available for use 30-days after the checking account has been opened. To utilize this service, you don’t have to sign anything, just have an account that is listed in “good standing” as defined by the Credit Union. Once activated, you are able to take advantage of the Member Privilege product and all its benefits.
- An extra $500 limit attached to each of your checking accounts that you may have with the credit union (Bangor Federal reserves the right to limit participation to one account per household).
- A 30-day grace period to bring your account back to a positive end-of-day balance.
- No additional cost associated with having the product available to you unless you use it. When you do use Member Privilege, you are charged a Member Privilege fee of $28 for each item.
- Multiple ways to access your Member Privilege as seen here:
| Access Points | Is my Member Privilege available? | Does the balance provided reflect my Member Privilege limit? |
|---|---|---|
|
Teller |
Yes |
ON REQUEST |
|
Writing a Check |
Yes |
N/A |
|
Debit Card (recurring) |
Yes |
N/A |
|
Debit Card (everyday) |
No2 |
N/A |
|
ATM Withdrawal |
No2 |
No |
|
ACH-Auto Debit |
Yes |
N/A |
|
iTalk Banking |
No |
No |
|
Online Banking |
No |
No |
1Member Privilege is a registered trademark of Pinnacle Financial Strategies. Overdraft Privilege service will be made available for ATM or everyday debit card transactions upon your request. Call 207-947-0374 or visit one of our branches to arrange for your ACH, ATM and debit card coverage.
2Please note that your Member Privilege limit may be accessible at an ATM, or through a POS transaction upon your request. The limit will not be included in the balance provided during an inquiry.
Checking Accounts
No fees, no minimum balances, and a free debit card. With several options to choose from, you can have the checking account that best suits your lifestyle.
