Overdraft Protection Services
No one wants the hassle or embarrassment of a transaction denial or a returned check, but life is busy. It can be easy to lose track of expenses, especially when unexpected ones arise. At SCU Credit Union, we get it! That's why we've made sure to have our members covered with two different Overdraft Protection options and free eAlerts.
The Best Line-Up in Checking Account Protection
Overdraft Line of Protection
By establishing an Overdraft Line of Credit, you can write yourself a loan as needed to protect your checking account from overdrafts. Your line of credit will be automatically accessed when a debit transaction exceeds your available account balance. Approval is subject to your credit worthiness with this overdraft option and you must apply.
- $300 minimum to $1,500 maximum credit limit
- Fixed interest rate
- Interest is calculated on the outstanding balance only
- Flexibility to give yourself extra cash when you need it
Overdraft Privilege Service (OPS)
OPS is a discretionary program under which SCU Credit Union will consider paying items drawn on your checking account if it has insufficient or unavailable funds, instead of automatically returning those items unpaid. Checking account holders are automatically enrolled in OPS after they meet the following requirements:
- Account open for at least thirty (30) days
- $400 or more of deposits within each thirty (30) day period
- Consistent deposit activity
- Account owner is current on all loan obligations
- Account is not subject to any legal or administrative order or levy
- Overdrafts are promptly repaid
Please read the full OPS Terms and Conditions.
eAlerts
eAlerts
With eAlerts you can set-up email notifications to let you know when your checking account balance is low, you have exceeded your budget, reached a goal, and much more. Alerts allow you to manage your balances easily and avoid overdrafts and fees associated with overdraft protection services. To set-up your alerts, just login to Online Banking and select Settings and the Notifications tab.