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Affinity Title

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Overdraft Protection

When the unexpected happens, our overdraft protection options have you covered

Sign Up Today
couple looking at ipad while smiling

Overdraft Protection

When the unexpected happens, our overdraft protection options have you covered

Sign Up Today

Overdraft Options

Overdraft from Savings

Transfers available funds from your linked savings account to cover transactions that exceed the available balance in your checking account.

Benefits

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No Fees to Access: Access your savings to automatically transfer funds to cover transactions that exceed the available balance in your checking account.

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Flexible Options: Link your savings account to multiple checking accounts.

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Easy to use: Enrollment is quick and easy.

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Overdraft Line of Credit1

Transfers funds from a line of credit to cover transactions that exceed the available balance in your checking account.
 

Benefits

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No Fees to Access: Access your Overdraft Line of Credit without incurring a fee.

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Fixed Rate: Enjoy a fixed interest rate of 17.99% APR.

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Flexible Line Amounts: Overdraft lines of $300 and up - which are subject to credit approval.

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How to Enroll

  • Log in to PenFed.org and navigate to the checking account for which you’d like to add overdraft protection.
  • Select View Account Information and then Add Overdraft Protection, in the table below.
  • Select the overdraft protection option you’d like to set up.

FAQs

An overdraft occurs when you do not have enough funds in your account to cover a transaction and we cover it anyway.

There is no fee to sign up or use Overdraft from Savings. There is no fee to apply for an Overdraft Line of Credit, but usage is subject to interest charges at a fixed interest rate.

No, only one Overdraft Protection option can be applied to one checking account at a time.

Overdraft Protection is available for any checking account.

Overdraft from Savings and Overdraft Line of Credit cover the same transactions.

Checks, automatic external payments and automatic bill payments like a recurring phone bill are covered under either Overdraft Protection option.

 

Debit card transactions and ATM withdrawals will be declined if your checking account does not have enough available balance to cover the transaction at time of request.

Yes, a savings account can be linked to multiple checking accounts as Overdraft Protection. The owner(s) of the checking account must also be the same as the owner(s) of the linked savings account.

Regular Savings and Premium Online Savings are eligible to use for Overdraft Protection with Overdraft from Savings.

The credit limit is $300 - $5000 for Overdraft Line of Credit, based on credit approval.

No, Overdraft Line of Credit can only be linked to one checking account.

There is no fee per transaction, but there is a daily interest charge at a fixed rate.

Disclosure

1Rates and offers current as of and are subject to change. After account opening, a three business day waiting period applies for credit line advances. This account can only be accessed by overdraft from a checking account. No other types of advances are permitted.

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This credit union is federally insured by the National Credit Union Administration. Rates are current as of October 2023 unless otherwise noted and are subject to change.

APY = Annual Percentage Yield
APR = Annual Percentage Rate


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Routing #256078446

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IMPORTANT NOTICE

You are leaving PenFed.org and entering a third party Website that is not a part of Pentagon Federal Credit Union.


The content you are about to view is produced by a third party unaffiliated to Pentagon Federal Credit Union. PenFed takes no responsibility for the content of the page.


IMPORTANT NOTICE

You are leaving PenFed.org and entering a third party site. PenFed Realty, LLC is wholly owned by PenFed and this referral may provide PenFed a financial or other benefit.


For more information about the relationship between PenFed and PenFed Realty, LLC, see the Affiliate Business Arrangement Disclosure.


IMPORTANT NOTICE

You are leaving PenFed.org and entering a third party Website.


The content you are about to view is produced by a third party website that is unaffiliated to Pentagon Federal Credit Union. PenFed takes no responsibility for the content of the page.


IMPORTANT NOTICE

You are leaving PenFed.org and entering a third party site. PenFed Title, LLC is wholly owned by PenFed and this referral may provide PenFed a financial or other benefit.


For more information about the relationship between PenFed and PenFed Title, LLC, see the Affiliate Business Arrangement Disclosure.


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