How we post transactions
You may have read about how other financial institutions have raised fees or changed their procedures to increase fees charged on checking accounts. In fact, a recent Bankrate study shows that bank checking fees were at an all-time high in 2009.
To help our members avoid overdraft fees, here’s how Fort Knox Federal Credit Union posts member transactions:
For members to have their deposits posted to their accounts as soon as possible, we suggest taking advantage of FREE DIRECT DEPOSIT or ACH. This is an electronic transfer of funds into members’ accounts and the funds are immediately available. For example, when your payroll check is automatically deposited in your Fort Knox Federal account, you will have immediate access to your money.
At Fort Knox Federal, we do everything in the member’s best interest, crediting the member's account before debiting the account.