Overdraft Protection

It happens to all of us.

You forget to record a check written or a debit card purchase, and the next thing you know your balance cannot cover your outstanding checks. For those unforeseen expenses and events, DCECU offers members in good standing three overdraft protection services: Automatic Transfer from Savings, a Revolving Line-of-Credit, and Courtesy Pay.

Automatic Transfer from Savings

If there is not enough money in your Checking Account to cover the checks you’ve written, we will transfer the needed funds from your Prime Savings Account to your Checking Account, provided there is enough money available.

There is no annual fee, no additional cost, and no limit to the number of transfers that can be made automatically. The transfers are only limited by the available balance in your Prime Savings Account.

Revolving Line-of-Credit

Our Revolving Line-of-Credit loan offers the option of added overdraft protection. A draw from your Line-of-Credit may cover charges beyond what you have available in Checking and help you avoid costly overdraft fees. There are no fees charged for the advance, however interest will begin to accrue immediately on any balance.

Revolving Line-of-Credit is subject to approval based on creditworthiness of applicant.

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Courtesy Pay

Courtesy Pay allows DCECU to provide a higher level of service to our members by protecting your account, and your reputation, when an inadvertent overdraft occurs. Courtesy Pay is an optional service that allows DCECU to pay a check or certain other items presented against your checking account, even if they cause the account to become overdrawn. It is not a loan and there is no fee unless the privilege is used.

Specific details of the courtesy pay options and coverages are available in the Courtesy Pay FAQs.

If you have a question about Courtesy Pay that is not answered by the Federal Interagency guide or our FAQs, please contact us or stop by.

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