Seven Reasons to Have Your Checking with Safe 1!
By participating in the program, the Credit Union may honor overdrafts, including share drafts, in-person withdrawals, ATM withdrawals, point-of-sale (POS) transactions, automated debits (ACH), and telephonic debits.
No Monthly Fee or Minimum Balance Required
There is no monthly maintenance fee or minimum balance required with this account.
Get Paid up to 2 Days Early with Direct Deposit
Early access to direct deposited funds depends upon the timing of the submission of the payment file from the payer. Safe 1 generally makes these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
Courtesy Pay Fee Waived if Account Overdrawn $5 or Less
Courtesy Pay Fee Waived if Account Overdrawn $5 or Less – Courtesy Pay opt-in required.*
Round Up to Save
Round up to the nearest dollar on every point of sale (signature) debit card purchase and have the extra money placed in your Safe 1 savings account! The transfer of funds to the savings account is done at the end of each business day, and includes all POS/purchase transactions posted to a checking account during that given day. Round Up to Save opt-in required.
No Hidden Fees
Out-of-network ATM withdrawal fees apply, except those listed here and affiliated with the Co-Op ATM Network.
Access ro Over 30,000 ATMs Nationwide
Access to over 30,000 surcharge-free ATMs nationwide, including more than 200 in the Central Valley. To find a Co-Op ATM near you, simply click here or download the “Co-Op ATM Locator”.
Earn Dividends
Round up to the nearest dollar on every point of sale (signature) debit card purchase and have the extra money placed in your Safe 1 savings account! The transfer of funds to the savings account is done at the end of each business day, and includes all POS/purchase transactions posted to a checking account during that given day. Round Up to Save opt-in required.
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Why Choose Safe 1?
By participating in the program, the Credit Union may honor overdrafts, including share drafts, in-person withdrawals, ATM withdrawals, point-of-sale (POS) transactions, automated debits (ACH), and telephonic debits.
Description of Service
By participating in the program, the Credit Union may honor overdrafts, including share drafts, in-person withdrawals, ATM withdrawals, point-of-sale (POS) transactions, automated debits (ACH), and telephonic debits.
Unless the Credit Union currently has your affirmative consent (opt-in) on file, we will not approve your overdrafts for ATM withdrawals and debit card transactions. You must tell us you want overdraft coverage for these transactions. To request overdraft coverage for your ATM withdrawals and debit card purchases, contact us at (661) 327-3818 or write to us at 1400 Mill Rock Way, Bakersfield, CA 93311.
When an overdraft is covered, the account will be taken negative by the dollar amount of the overdraft plus the amount of the Courtesy Pay fee. If we honor multiple overdrafts we may honor them in any order at the Credit Union’s option or return any such items. The maximum dollar amount of overdrafts the Credit Union will cover for each member is $500, exclusive of Courtesy Pay fees.
When the Credit Union honors overdraft items, you must deposit funds immediately, but in no case more than thirty (30) days from the date of the earliest overdraft. If you fail to cover the total overdraft amount within thirty (30) days, the Credit Union may pursue all collection options available to it. If you have elected to have multiple overdraft protection services, the overdraft will be covered in the following sequence: Share Overdraft Protection; Loan Overdraft Protection; and Courtesy Pay Protection.
The Courtesy Pay program fee is $30 and will be charged regardless of the amount the account is overdrawn. The fee will be charged for each overdraft item presented and paid by the Credit Union, with a limit of four (4) charges each day.
The Courtesy Pay program service is a discretionary privilege offered to members and not a right of membership. The Credit Union encourages you to properly maintain your accounts with us. You agree that the Credit Union will not be held liable for either paying or refusing to pay any overdraft item. The Credit Union reserves the right to discontinue this service at any time without any notice.
If you do not want the Courtesy Pay program, you must inform the Credit Union by using any of the following methods: in person; send written notice to the Credit Union; or by telephoning us at (661) 327-3818. Your notice should be directed to Safe 1 Credit Union, 1400 Mill Rock Way, Bakersfield, CA 93311.