Overdraft Coverage Options
Protect your checking account from overdrafts and declines.

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We offer multiple overdraft solutions to help protect your account and your peace of mind:

  • Extended Balance Protection
  • Standard Balance Protection
  • Overdraft Transfer from a Qualified Savings Account
  • Overdraft Transfer from a Qualified Line of Credit Account

Benefits of Overdraft Coverage

  • Multiple coverage options to fit your needs
  • The least costly option is applied first
  • Never pay more than 4 overdraft or non-sufficient funds fees per day (maximum $56/day)
  • Optional coverage for debit card purchases

Extended Balance Protection

Includes everything in Standard Balance Protection plus coverage for everyday debit card purchases. (Your consent is required on personal accounts).

  • No fee if account is overdrawn by $10 or less
  • $14 fee for transactions that cause the balance to be overdrawn more than $10
  • Can serve as secondary coverage if Overdraft Transfer from Savings or Line of Credit is exhausted
  • Covers everyday debit card transactions that cause an overdraft
  • Available on FlexSpend and PremiumSpend checking accounts
  • Business checking accounts automatically covered by Extended Balance Protection

Ways to Enroll

  • Eligible Personal Checking: At account opening.

  • Business Checking: Automatically covered by Extended Balance Protection.

If you have Extended Balance Protection, you have the option to request Standard Coverage, which includes all the transactions listed above except everyday debit card transactions. If you want to discontinue Balance Protection in its entirety, send a secure message through online banking, visit a branch, or contact us at 877-670-5860.

Standard Balance Protection

Covers overdrafts for checks, automatic bill payments, and other transactions using your checking account number.

  • No fee if account is overdrawn by $10 or less
  • $14 fee for transactions that cause the balance to be overdrawn more than $10
  • Can serve as secondary coverage if Overdraft Transfer from Savings or Line of Credit is exhausted
  • Does not cover everyday debit card transactions that cause an overdraft
  • Available on PremiumSpend and FlexSpend accounts

Ways to Enroll

  • Eligible Personal Checking: No action required – automatically covered.

To discontinue Balance Protection in its entirety, send a secure message through online banking, visit a branch, or contact us at 877-670-5860.

Overdraft Transfer from Savings

Pulls funds from your linked savings account to cover shortfalls in your checking account.

  • $3 fee per transfer event
  • Applies to all transactions

How to enroll:

Overdraft Transfer from Line of Credit

Provides overdraft coverage with interest and fees, similar to a credit card. Available only for consumer accounts.

  • $3 fee per transfer event

  • Applies to all transactions
  • Low interest rates ranging from 11.85% to 18.00% APR1

How to enroll:

Frequently Asked Questions

You must bring your account to a positive balance for at least one business day within 32 days of overdraft. If not, your Balance Protection coverage may be reduced.

We may decline to pay overdrafts if the account is not in good standing, if there is a default on any loan or obligation to us, or if an overdrawn account is not brought to a positive balance for at least one business day within 32 days.

Yes. You can set up alerts to notify you when your balance is low or if your account is overdrawn. Monitor your accounts, balances, and loan payments by setting up email and push notifications. You can easily manage these alerts in online or mobile banking.

Balance Protection is available on Cardinal, Gold, and Trojan checking accounts (both Standard and Extended coverage). It is not available for Student Checking or Second Chance Checking accounts.

1Subject to credit approval. Rates may vary.

Need Help? We’re Here for You.

Have questions about overdraft protection or which option is right for you? Our team is ready to help.

Fees like overdrafts, are low. USC Credit Union’s main purpose is to serve customers not make a profit.

-Linda

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