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Overdraft Protection Plan |
Courtesy Pay Protection Program |
Overdraft Line of Credit (ODLOC) |
Summary |
Overdraft Protection can be set up to automatically transfer funds from your Savings Account to cover items presented for payment when your checking account has insufficient funds to cover the transaction. |
Courtesy Pay is an additional protection on your checking account (after 90 days of Membership) when there are not enough funds in your Overdraft Account to cover a transaction |
Overdraft Line of Credit (ODLOC) is available to qualified Members that charges interest on all fund advances. This loan product will automatically transfer funds into your checking account to cover your overdrafts. |
Eligible Accounts |
ALL Premier Source FCU Checking Accounts |
ALL Premier Source FCU Checking Accounts |
ALL Premier Source FCU Checking Accounts |
Limits to Participation |
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One Account per Household |
Based on Your Individual Credit Score |
Covered Items (automatically covered) |
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Covered Items (Member MUST Opt-In to be covered) |
NA |
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Account Requirements |
NA |
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Days to Correct Any Balance Deficiency (repayment of overdraft) |
Within 30 calendar days of the Overdraft *after that time, normal collection process begins |
Within 30 calendar days of the Overdraft *after that time, normal collection process begins |
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Fee |
See “General Fees-Share Transfer Fee (Overdraft Transfer Fee)” on current Fee Schedule |
See “Overdrafts/Returned Items-Courtesy Pay” on current Fee Schedule |
Annual Fee: $25.00 |