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Overdraft Protection
Overdraft protection is a service to help you prevent returned checks and overdrafts on your Checking Account. Overdraft protection is available from your Savings Account and/or from your Personal Line of Credit.

With overdraft protection, available funds are automatically transferred to your Checking Account to cover a check that you have written or to pay an ACH -- a payment or transfer that you have previously authorized to be automatically deducted from your account -- if the funds in your Checking Account at the time of clearing are insufficient.

Overdraft from Savings
Excessive overdraft transfers from your Prime Savings Account may result in a service charge, in accordance with the following limits set by Federal regulations:
  • Automatic overdraft transfers from Prime Savings to clear checks - The Credit Union can move money from your Prime Savings to your Checking to pay for a check that you've written when the balance in Checking is insufficient.

  • Automatic overdraft transfers from Prime Savings to clear ACH withdrawals - The Credit Union can move money from your Prime Savings to your Checking to pay for an ACH -- a transfer that you have previously authorized to be automatically debited from your Checking Account-- when Checking funds are insufficient.

  • Online Banking withdrawals or transfers from Prime Savings - You may use our Online Banking service to withdraw funds in the form of a teller's check or you may transfer money online from your Prime Savings Account to your Checking.

  • Bank-by-Phone withdrawals or transfers from Prime Savings - You may use our automated Bank-by-Phone service to withdraw funds in the form of a teller's check or you may use it to transfer money from your Prime Savings account to your Checking.

  • Point of Sale (POS) purchases made from Prime Savings - A Point of Sale transaction occurs when a retail purchase is made with an ATM or Debit Card through your account and requires use of a personal identification number (PIN).

  • ACH withdrawals from Prime Savings - Transfers that you have authorized to be taken automatically from your Prime Savings account.

You can use six of any of the above transactions (in any combination) during one calendar month. A service charge will be applied per transfer to pay checks or ACH electronic charges for transactions exceeding the allotted six. If your monthly limit of six is exceeded for two consecutive months, future attempts to complete more than six of the above transactions during the same month will be denied. This will cause the checks or ACH items to be returned unpaid (Please refer to the Service Charges Schedule for returned item service charges.) Transfers and withdrawals at an ATM are not counted as part of the six transactions.

Overdraft from Personal Line of Credit
Overdraft protection is also available through your Personal Line of Credit if you have this type of loan. You must sign-up for this service.

Sign up for Overdraft Protection
To sign-up for this protection please click here to fill out an Overdraft Protection agreement.

For more detailed information, please review the Electronic Funds Transfer Disclosure.

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