You do not have to choose an overdraft plan; you can have all three! Transfer from savings, line of credit, and credit card will be applied first, then Privilege Pay.

Savings Transfer - Available to all checking account members

  • Automatically set up when account is opened
  • Transfer fees from $0 to $5 based on club level

Credit Line and/or Credit Card Transfer - Subject to credit approval and based on creditworthiness

  • Overdraft transfers are in $100 increments
  • Transfer fees from $0 to $5 based on club level
  • Cash advance fee for credit card advances
  • Credit Lines offer a low interest rate with monthly payments that are 2% of the principal loan balance or $20, whichever is higher. Current rate is as low as 11.5% APR*
  • Credit Cards also offer a low interest rate with monthly payments that are 2% of the principal balance or $25, whichever is higher. Current rate is as low as 8.99% APR*

Privilege Pay

Available to checking account members that qualify ** and meet certain criteria; limit varies and consent is required. This only applies to checks, ACH, and teller transactions. To work toward ATM/POS, you must sign an opt-in application:

Opt-in application for personal accounts
Opt-in application for business accounts

Qualification

  • Accounts must have an aggregate of $300 in deposits over a period of 35 days
  • Deposits by transfer do not count toward the aggregate in deposits
  • Can not be overdrawn for more than 20 consecutive days
  • Can not be delinquent on loans for more than 10 days at time of qualification**
  • Account owner must be 18 years of age or older

Limits

  • Personal checking accounts open 1 – 59 days have a $250 limit
  • Personal checking accounts open 60 days or more have a $750 limit
  • Premium checking accounts open 60 days or more have a $2500 limit
  • Business checking accounts have a $1,000 limit

Fees

  • Overdrafts from $0 to $.99 have no fee
  • Overdrafts from $1.00 and up have a fee of $30 per item

*Rates based on creditworthiness, so your rate may differ. **The Qualification process runs daily, which means you may qualify one day and not the next.