What is Overdraft Protection?

Overdraft Protection is a service whereby upon your request, we link your existing share savings account(s), credit lines, or credit cards to your checking account(s). If you apply and are approved for a Line of Credit account (LOC), at your request, we will link the LOC to your checking account as well. These links enable funds to be automatically transferred from one or more of the linked accounts to your checking account in case of an overdraft.

How much does Overdraft Protection cost?

See our Fee Schedule/Sheet for any applicable Overdraft Transfer fees.

Overdraft Protection transfer fees (if applicable) are generally less expensive than the cost of Discretionary Overdraft or Return Item fees, and we will always try to use Overdraft Protection, so long as you have enough funds available in your line of credit or enough money in your savings account to cover an overdraft before we use Discretionary Overdraft.

Overdraft Protection transfers from credit line products may be subject to additional charges, such as annual fees, and interest will accrue on the amounts advanced. Overdraft Protection transfers from credit cards are treated as cash advances, which means there is no grace period for finance charges and may also be subject to a higher APR. Please refer to the line of credit or credit card Truth in Savings disclosures for full details.

How does Overdraft Protection work?

Overdraft transfers from credit lines will be made to the nearest $0.01 and transfers from a savings account will be made in $100.00 increments. If you do not have $100 available to transfer, transfers will be made up to the amount available necessary to cover the overdraft item(s). If the overdraft protection source accounts do not have enough funds available to cover the full amount of the transaction(s), then you may still receive overdraft or return item fees.

Transfers from a savings account are limited to six electronic transfers in a month as required by Regulation D, and will be declined once the limit has been reached. Please refer to the Transfer Limitations section of the Membership and Account Agreement for additional information.

Funds are automatically transferred at the end of our daily processing cycle to cover purchases, prevent returned checks, and declined transactions if you have insufficient funds in your checking account. Without Overdraft Protection, you will generally incur a fee for each transaction presented when funds are insufficient/unavailable.

What accounts can I use for Overdraft Protection sources?

Savings, Lines of Credit, or Credit Card Accounts. Lines of credit and credit cards are subject to eligibility requirements and normal credit approval. Common account ownership between the checking account and the account source linked for Overdraft Protection is required.

Can I use one Overdraft Protection source account for multiple checking accounts?

Yes, savings accounts, Lines of Credit, or Credit Card Accounts can be used as overdraft protection sources for more than one checking account.

Can multiple source accounts be used if there isn’t enough funds in one account to cover an Overdraft?

Yes, if you have multiple source accounts linked to your checking, we will utilize funds in the order you have designated from each source account as necessary and where available to cover an overdraft item.

Can I set the order for which Overdraft Protection source is used?

If you have multiple account sources for Overdraft Protection, you may request or change the order that they are used at any time.

How do I make changes to Overdraft Protection?

You can check or change your Overdraft Protection enrollment and preferences at any time. You may do so by visiting your local experience center branch, or by calling the contact experience center at 855.855.8805.

Some fields require your attention.

Some fields require your attention.