Overdraft protection options help you avoid costly fees and embarrassment
Green for when you're in the red
Overdraft protection covers your transactions when your Point Breeze Credit Union checking account can't.
Three options available
Use your savings, a line of credit or our courtesy pay service as your backup.
To be used only when necessary
This short-term fix can keep your finances afloat until you can raise your balance.
Mistakes happen, overdrafts don't have to
Life gets busy and sometimes your finances get lost in the shuffle. When you lose track of your checking account balance and you're at risk of overdrafting, we offer a few options to help you avoid items from being returned unpaid and the expenses and inconvenience that follow.
Frequently asked questions
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
- We have standard overdraft services that come with your account.
- We also offer overdraft protection plans, such as a link to a savings account, credit card account, or overdraft line of credit, which may be less expensive than our standard overdraft practices. Ask us to learn more about these plans. This section explains our standard overdraft services.
We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
We do not authorize and pay overdrafts for the following types of transactions, unless you ask us to (see below):
- ATM transactions
- Everyday Check/Debit Card transactions
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.
Yes. You can change this decision at any time. Simply call us at 410.584.7228 or stop by one of our offices to revoke your request that we authorize and pay overdrafts on ATM and everyday Check/Debit Card transactions.
Of course! Simply complete and return the Extended Overdraft Service Opt-In/Out form, stop by one of our offices to request the form, or call us at 410.584.7228.
Yes. Simply complete and return the Extended Overdraft Service Opt-In/Out form, stop by one of our offices to request the form, or call us at 410.584.7228.
You run the risk of transactions being denied at the ATM or merchant if you do not have sufficient funds in your account. However, even if you Opt-In there is no guarantee that the transaction will be approved if there are no funds in the account.
*To qualify for Courtesy Pay, you must be a member in good standing with the credit union, which means you have an account with us for a least 90 days, you make regular deposits to that account to bring your account back to a positive balance at least once every 30 days or less, and there are no legal orders against the account. Point Breeze Credit Union may, at our sole discretion, pay overdrafts up to the limits noted, including our current Non-Sufficient Funds fee(s) for each item that overdraws the account. If you do not want us to pay your overdrafts, you must tell us you want to "opt-out." If you receive a direct deposit social security or other federal benefit check, you must “opt-out” if you do not want us to use those funds to repay an overdraft, including any fees assessed.