Share Draft Account
MPO Federal Credit Union offers several different types of Share Draft
(checking) accounts -
one to fit your needs!
Transfers can be made to or from your share draft account via telephone
(speak with a rep or leave
a message), in person, or via the internet (MPO
Online). There are no fees associated with these types
of transfers.
Statements are mailed monthly and checks are not returned. If you require a
copy of a processed share draft, please
contact any branch of the credit union. There is no fee for this service.
Share Draft Types
Standard Share Draft
- Direct deposit from your employer
- Online-Check ordering from
Clarke American
- Visa Check-Cards available for qualified individuals
- Over-draft protection for qualified individuals
- Unlimited cash withdrawals at any
M&T ATM ($500.00 maximum cash
withdrawal per day)
- Monthly service fee is required on all Standard Share Draft accounts
- Never a per check charge - write as many or as few as you wish
- No minimum balance required
- Ability to subscribe to MPO Online's Bill Payment Service.
No Frills Share Draft
- Direct deposit from your employer
- Online-Check ordering from
Clarke American
- Minimum of $200.00 must be maintained throughout the month or the
monthly service fee will apply.
- Maximum checks processed per month may not exceed 15.
Student Share Draft*
- Direct deposit from your employer
- Online-Check ordering from
Clarke American
- Visa Check-Cards available
- Over-draft protection for qualified individuals
- Unlimited cash withdrawals at any
M&T ATM ($500.00 maximum cash
withdrawal per day)
- No monthly surcharge - other fees still apply
- Write unlimited checks each month - no per check fee
- FREE MPO Online Bill Payment service
*Good through age 24. MUST be a student - proof of
enrollment required semi-annually.
Online Check
Ordering - Direct from Clarke American
Clarke American is pleased to offer a new online consumer ordering web site.
Place your re-order any time day or night - directly from the internet.
Click here to
re-order your checks quickly and securely.
Check 21 - What Is It?
When, What and Why
On October 28, 2004, federal legislation, known as "Check 21"
became law. The new law changes the way checks are presented and paid
against checking accounts. The purpose of the Act is to improve the efficiency
of the nation's check payment systems. This means that
you, the consumer, will benefit from better and faster financial services.
How will it work?
The Check 21 Act makes legal a substitute check, which is a
digital picture of your original check that can be processed electronically.
This method of check payment is faster and decreases the paper work involved
with transporting the millions of checks Americans write each year.
How Check 21 Affects You
You may notice that some checks clear faster.
*Please note: You are advised to have sufficient funds on
deposit before writing checks. Depositing funds after writing a check can result
in overdrafts, embarrassing returns and related fees.
Substitute checks contain all of the information of the
original check, and in accordance with the Check 21 law, they are the legal
equivalent of the original. They can be used for proof of payment, or any other
reason that might require an original check. All financial institutions must
accept them as if they were the original check.
How You Benefit
- Checks clear faster
- Check fraud is reduced
- Check information is more secure
- You have the right to an investigation by your credit
union if an error occurs.
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