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Overdraft Protection
Oops! Bounced a Check? It can happen to anyone. You forget to enter a withdrawal in your checkbook and the next thing you know, you have an item returned for insufficient funds and often a high merchant fee and financial institution fees as well. That’s why we offer Overdraft Protection on your Interior FCU checking accounts.
How overdraft protection works from savings?
In the event that insufficient funds are available in your checking account, overdraft protection will automatically transfer funds from your regular savings account up to 6 times per month (suffix 00 under the same membership number).
How overdraft protection works from the line of credit?
In the event that insufficient funds are available in your checking account, overdraft protection will automatically transfer funds from your personal line of credit up to your credit limit.
There is no charge to set up automatic overdraft protection. When you draw from a line of credit, you will pay interest only on the loan amount you advance.
Funds for overdraft protection are automatically transferred in the following increments:
Line of credit |
$100 |
Regular savings and other savings accounts |
$50 |
If this amount is not available, then your "available balance" will be transferred.
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