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Overdraft Protection Coverages

Options to avoid fees for insufficient funds

Save yourself from the inconvenience, embarrasment, and money spent on fees with the options below.

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Overdraft Line of Credit

Automatic Transfer

Courtesy Pay

Overdraft Line of Credit

You only pay if there is a balance on this personal loan

The Overdraft Line of Credit provides fee-free protection with interest-only payments, automatic coverage up to your approved limit, and benefits like improved cash flow, eligibility for End-of-Year Member Reward Dividends, and Loan Payment Debt Protection.

  • Avoid fees for insufficient funds
  • Interest-only payments on the balance
  • Automatic protection whenever you need it up to your approved credit limit
  • Considered a Personal Loan product
  • Meets the loan product requirement for GoldStar® Membership’s active checking account
  • Improve your weekly cash flow
  • No loan fees
  • Online & Mobile Banking
  • End-of-Year Member Reward Dividends
  • Eligible for Loan Payment Debt Protection
Overdraft Line of Credit

Automatic Transfer

Up to 4 accounts can be set up as overdraft accounts

Overdraft automatic transfer uses available balances from designated accounts with no fees, allowing members to set their preferred transfer order, including share, club, money market, third-party, and overdraft LOC accounts upon completing the Overdraft Transfer Authorization Form.

  • Use available balances from savings accounts to cover overdraft amounts
  • Member must complete the Overdraft Transfer Authorization Form
  • No fees for this service
  • Automatic transfer accounts can be in your preferred order
  • No fees for this service
  • Includes share, club, money market, third-party, and overdraft LOC accounts
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Courtesy Pay

We'll cover your overdraft transaction amount for a $20 fee

Courtesy Pay, available after 90 days of account opening and requiring qualification or opt-in, provides discretionary coverage for ACH and check overdrafts up to $500, excluding ATM and one-time debit card transactions, aimed at helping members avoid returned check fees.

  • Must qualify or opt-in (can opt-out at any time)
  • Authorization and payment of overdrafts is not guaranteed
  • Coverage for ACH and checks is at the discretion of the credit union
  • Coverage does not extend for ATM and one-time debit card transactions
  • Limit of $500 including the amount overdrawn and courtesy pay fee(s)
  • Account becomes eligible after it has been open for 90 days
  • ATM Draft, Fresh Start Draft and Business Draft are not eligible
  • Must be a member in “Good Standing”
  • Can be discontinued or terminated if member does not maintain “Good Standing”
  • Helps you avoid any returned check merchant fees

Frequently Asked Questions

What is an Overdraft?

An overdraft occurs when members do not have enough money in their checking account to cover a transaction.

What if I don't have an Overdraft Coverage on my checking account?

Unfortunately, you will be charged a Non-Sufficient Funds (NSF) fee of $25 per overdraft transaction. For check overdrafts, you will be charged the NSF $25 fee by us, the check payment will be blocked, and you will likely receive a returned check fee from the merchant. For debit card overdrafts, for most transactions your card will be declined at the point of sale and you won’t be charged an NSF fee. However, there are some debit card transactions that will be charged the NSF fee, such as when buying gas at the pump. In this example, if you have a $10 balance and spend $20 on gas, the transaction will go through because your balance shows a positive balance, but will be charged the NSF fee by us because the transaction went through with insufficient funds.