Can I be enrolled in Overdraft Pay Advantage and have a line of credit as an overdraft source?

Yes. If you have a line of credit as an overdraft source you can also participate in the Overdraft Pay Advantage Program (OPA). Your Overdraft Pay Advantage coverage can be up to $1,500 for personal accounts and $2,000 for business accounts. RCU will attempt to cover any overdraft transactions through established overdraft sources (savings, money market, or line of credit) prior to paying items through OPA. If an item is paid you will be charged an Overdraft Pay Advantage fee per our Cost Recovery Schedule.

Overdraft Pay Advantage can be used to pay your checks, automatic bill payments (such as Automatic Clearing House or recurring debit card transactions), and your everyday debit card transactions. When the service is used, an Overdraft Pay Advantage fee is charged. After a transaction is paid, you’ll be asked to make a deposit to cover the negative balance in your account immediately, and no later than within 20 days. If your account is not in good standing or you have not made regular deposits into your account, we may not be able to extend Overdraft Pay Advantage services to pay your transaction.

Redwood Credit Union offers Members valuable products and services with no or low fees. For select products and services, some fees are assessed as a cost recovery. See our Cost Recovery Schedules for Personal Accounts and Business Accounts for details.