Overdraft Services

We've got you covered.

Overdraft services on your Provident checking account can help you avoid insufficient available balances on checking accounts and prevent your checks from being returned for Non-Sufficient Funds (NSF).

While we don't encourage Overdrafts, we want to save you from the additional merchant fees and possible damage to your credit history. Even ATM transfers or withdrawals, electronic payments (ACH), and debit card payments are covered by our Overdraft services. 

Overdraft Transfer Protection

If your checking account drops below zero available balance, your transactions will still go through. Non-Sufficient Funds (NSF) Fees will not apply if you have another Provident account that the funds can be drawn from  — a Visa credit card, another checking account, a savings account, or a money market account. Overdraft Transfer Protection is not available on ATM withdrawals or automatic loan payments, regardless of your Overdraft Transfer Protection source.

For all checking accounts at Provident, there is no fee associated with this service (aside from normal finance charges if the funds come from your Visa or other Provident line of credit). See Service Charge Schedule. For more information, please review our Courtesy Pay Overdraft Policy. 

Manage your Overdraft Transfer Protection Preferences

Members can manage their Overdraft Transfer Protection sources from within online or mobile banking. 

Courtesy Pay Overdraft

If you don't have enough available funds016 in your other Provident accounts but your accounts are in good standing, Provident Credit Union may still approve your Courtesy Pay Overdraft transactions within your available Courtesy Pay Overdraft limit.017

The following transactions are covered automatically:

  • Written checks

  • Electronic payments (ACH)

  • Recurring debit card payments

At your request for a consumer account, Courtesy Pay Overdraft may also be available for:

  • ATM transfers or withdrawals

  • One-time debit card payments

Courtesy Pay Overdraft costs you nothing unless you use it. We’ll charge a Courtesy Pay Overdraft Fee for each overdrawn item once your account reaches a negative available balance in excess of $5 and if the transaction we are paying is in excess of $10. The maximum number of Courtesy Pay Overdraft Fees we assess for each checking account is limited to 5 per day. There is no limit to the number of Non-Sufficient Funds (NSF) Fees we will charge for check and ACH payment transactions that are rejected.

Overdraft F.A.Q.s

Disclosures

  • 016) Limits apply based on specific account activity. Whether your Courtesy Pay Overdraft will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay Courtesy Pay Overdraft transactions if your account is not in good standing. There is a Courtesy Pay Overdraft Fee associated with each item covered by Courtesy Pay Overdraft.
  • 017) Your checking account has two types of balances: the "current" balance and the "available" balance. Your current balance is the amount of money that is actually in your account at any given time. It reflects transactions that have "posted" to your account, but not transactions that have been authorized and are pending. Your available balance is the amount of money in your account that is available to you to use without incurring Courtesy Pay Overdraft Fee. The available balance takes into account things like holds placed on deposits and pending transactions (such as pending debit card payments) the Credit Union has authorized but has not yet posted to your account. Available balance is used to determine when your account is overdrawn.