Passport Privilege

Unforeseen circumstances happen to us all...and usually at just the wrong time! You make an honest mistake in your checkbook and it leaves you a "little short" to cover all your outstanding checks. That's why Texas Federal Credit Union offers Passport Privilege, an added member service that protects you from the embarrassment and expense of returned checks.

We're looking out for our members because... Life Happens.

What is Passport Privilege?

Passport Privilege may cover your insufficient funds share drafts/checks, up to your approved limit, for one low fee per covered overdraft transaction. That means, instead of returning an item to the merchant because of insufficient funds, the credit union may pay your item, saving you additional charges and fees. It saves you the embarrassment an inadvertent overdraft can cause.

How does Passport Privilege work?

Overdrafts on your share draft/checking account, up to a limit of $500.00 [including the amount of the overdrawn item(s) and the Passport Privilege charge(s)] may be honored by Texas Federal Credit Union. A $40.00 fee will be assessed for each item that draws your account negative. You then have up to 30 days to bring the account current, either through a direct deposit, transfer of funds, or a deposit at one of our branch offices.

Do I have to apply for this service?

No, as long as you are a member in good standing which includes having an account with us for at least 60 days, you make regular deposits to that account, bring your account back to a positive balance regularly, and there are no legal orders against the account, your Passport Privilege remains activated.

Can the credit union stop my Passport Privilege protection?

Yes. Passport Privilege may be stopped if you are not in good standing or if you tell us not to pay your overdrafts. There may be other reasons we need to stop Passport Privilege.

Passport Privilege is a way for us to provide a higher level of service to our members by helping protect your account and reputation when an inadvertent overdraft occurs.