Fuze Article - Redwood Credit Union

Overdraft Options Comparison

	Overdraft Account Transfer	Overdraft Line of Credit	OPA – All Services	OPA – Checks and Electronic (ACH) Transactions Only	No Coverage
How does it work?	Funds from your RCU savings and/or money market account will be automatically transferred to your checking account in $100 increments to cover the transaction. RCU does not charge a fee for this service.	Funds from your overdraft line of credit will be advanced in $100 increments to your checking account to cover the transaction.	Instead of a transaction being returned or being declined, RCU may pay the transaction on your behalf.	Instead of a transaction being returned or being declined, RCU may pay the transaction on your behalf.	Checks and electronic (ACH) transactions will be returned unpaid. Automatic recurring debit card payments will be declined. Everyday debit card transactions will be declined at the point of sale.
What does it cover?	Checks Automatic recurring debit card payments Electronic transfers (ACH) Everyday debit card purchases	Checks Automatic recurring debit card payments Electronic transfers (ACH) Everyday debit card purchases	Checks Automatic recurring debit card payments Electronic transfers (ACH) Everyday debit card purchases	Checks Automatic recurring debit card payments Electronic transfers (ACH)	N/A
What does it cost?	Free.	Daily interest is charged on the outstanding balance. (If there is no balance, no interest or fees are charged.)	You are only charged a fee if you use the service. $19 per presentment. Items may be presented more than once by the originating company/merchant. After a transaction is paid by RCU, you’ll be asked to make a deposit to cover the negative balance in your account immediately.	You are only charged a fee if you use the service. $19 per presentment. Items may be presented more than once by the originating company/merchant. After a transaction is paid by RCU, you’ll be asked to make a deposit to cover the negative balance in your account immediately.	$9 non-sufficient funds (NSF) fee per presentment. Items may be presented more than once by the originating company/merchant.
Are there any restrictions?	If your designated savings/money market account does not have at least $100, the transfer cannot be processed to cover your overdraft.	If your line of credit does not have at least $100 available, or if your loan payment is late, the transfer cannot be processed to cover your overdraft.	Transactions will be paid up to your OPA limit.	Everyday debit card transactions will be declined. If a merchant fails to seek authorization for the full amount, the debit card transaction will be paid without a fee. Other transactions will be paid up to your OPA limit.	Everyday and recurring automatic debit card transactions will be declined. If a merchant fails to seek authorization for the full amount, the debit card transaction will be paid without a fee.
How do I sign up?	Please log in to your account to sign up. Learn how to sign up for Overdraft Account Transfer. You may also call us at 1 (800) 479-7928 or visit your local branch.	Apply for a line of credit	Please log in to digital banking and click the Member Services tab and Overdraft Pay Advantage.	Please log in to digital banking and click the Member Services tab and Overdraft Pay Advantage.	Please log in to digital banking and click the Member Services tab and Overdraft Pay Advantage.