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Checking/Savings

Overdraft Options

Avoid overdraft fees and hassles with our overdraft protection options.

  • Automatic overdraft protection — If your checking account is overdrawn, funds from your savings account are automatically transferred to cover the cost for a $3 fee per transfer*
  • flexLINE — This revolving line of credit transfers funds (up to your available line of credit) to your checking account when there are non-sufficient funds to cover a checking account transaction ($3 fee per transfer). Repayments are automatically made from the account you designate. The overdraft line of credit requires an application and approval.
  • Overdraft Privilege — Overdraft privilege covers overdrafts up to a total of $500, including non-sufficient funds fees. This helps you avoid additional bounced-check or late payment fees on returned items from the merchant or payee. Overdraft privilege is available automatically to all members in good standing. No application is necessary.**

Have questions about overdraft protection? Call us at (586) 276-3000 or stop into your local branch. We can help you sort through your options.

 

*Per federal regulations, transfers or withdrawals from an Extra Credit Union savings account are limited to six per calendar month.

**The overdraft privilege program is a courtesy and is not an extension of credit. It does not constitute a written agreement of obligation or a pre-arranged agreement for Extra Credit Union to pay a member's overdrafts, and we may withdraw the service at any time. Overdraft privilege is not available for ATM withdrawals or PIN-generated debit transactions. Please review the Overdraft Privilege Policy or call Extra Credit Union at (586)276-3000 for complete details.