Ever forgotten to record an ATM withdrawal that resulted in a bounced check? Well, when you maintain a regular share/savings account balance with us, you can avoid future embarrassment. With your PSECU checking account, you have overdraft protection available from that account.

 

We will automatically transfer funds ($5 per transfer fee) from your regular share/savings to checking, in the event that such a transfer would prevent an overdraft to your checking account.

 

Federal regulations limit the number of preauthorized or automatic transfers to six (6) per calendar month. (Please refer to your Membership and Account Agreement for complete disclosure information.)

 

We also offer overdraft protection in the form of an overdraft loan.  With this program we transfer money from your loan to your checking in increments of $100.00.  You can pay off this loan at any time without a pre-payment penalty.  If you chose to not pay it in full every month, it will be set up on automatic payment once a month, on the 1st of each month, for a payment of $30.00 from your checking account.  Please contact us for more details.