Sometimes an unexpected life event or an occasional mistake can leave you short of funds. RCU offers tools to provide you a safety net if you accidentally overdraw your account.
As a credit union, our focus isn’t profit—it’s helping you succeed financially. And that includes helping you learn more about how to avoid fees. Explore financial wellness resources, including helpful tips and tools, in our free financial education resources.
Email & text alerts
Set up alerts in online or mobile banking and receive a text message or email when your account balance is low.
With OPA, RCU will cover up to $1,500 for personal accounts and $2,000 for business accounts if your account is in good standing.
RCU charges a $23 non-sufficient funds (NSF) fee with Overdraft Pay Advantage (OPA). The industry average is $33.
No daily fee
RCU does not charge daily fees or interest for a negative balance.
Set up your savings and/or money market account to transfer funds to your checking account in $100 increments in the event that you overdraft.
Overdraft Line of Credit
An overdraft line of credit will automatically transfer funds to your checking account when you do not have sufficient funds to cover a transaction. Funds are transferred in $100 increments up to your established credit limit.
Because this is a loan, daily interest is charged on the outstanding balance. If there is no balance, no interest or fees are assessed.
Overdraft Pay Advantage
Sometimes an unexpected life event or occasional mistake can leave your checking account short of funds. Our optional Overdraft Pay Advantage (OPA) program can cover you if you unexpectedly overdraw your account.
RCU charges a $23 nonsufficient funds (NSF) fee (see our Cost Recovery Schedule), which is lower than the industry average of $33. While a fee might seem inconvenient, this service can be a benefit to cover important payments when you need it.
RCU does not charge Members more than 4 non-sufficient fund fees per day on an account and does not charge daily fees or interest for the negative balance. 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.
Email & Text Alerts
Set up alerts on your account to receive notifications when your balance falls below a dollar amount you choose.
Q: What amount is covered by Overdraft Pay Advantage and is it guaranteed?
A: The amount RCU will cover with Overdraft Pay Advantage varies and is based on account standing and history. Typically, RCU will cover up to at least $100 for an Overdraft Pay Advantage transaction, but this is not guaranteed. 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.
RCU will consistently allow your account to go in the negative up to $5.00 without a fee. The maximum amount RCU will cover is $1,500 for personal accounts and $2,000 for business accounts.
Q: Are there any limits to the fees charged for Overdraft Pay Advantage?
A: Yes. RCU recognizes that unexpected events can occur and potentially result in multiple fees before you may become aware of the situation. For this reason, RCU does not charge Members more than 4 non-sufficient fund fees related to OPA services per day on an account. In addition, RCU does not charge daily fees or interest for the negative balance.