State Employees' Credit Union offers overdraft protection. Overdraft protection protects against high
fees and embarrassment associated with "bounced checks". You can select another checking, share, money market,
open-end personal loan, home equity loan, or credit card to be used for automatic transfer in the event funds are
not available to pay an item.
Features
You may select up to two overdraft accounts
Overdraft transfers are made in $50 increments1
A $0.50 transfer fee is debited from the protected checking account
Money market and share overdraft transfers are limited to 6 per month 2
Overdraft transfers from a Visa credit card, open-end personal loan or home equity loan completed up to available line of credit
You may apply for overdraft protection for an existing checking account via
Member Access.
1 Overdraft transfers from home equity accounts are made in increments of $500.
2 Transfers exceeding the maximum will incur a fee equal to the current Insufficient Funds fee. Repeated excess transfers may result in the loss of overdraft privileges.
