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Overdraft Options

Running a little low on funds in your Valley Oak checking account? Don't despair; we've got you covered. Overdraft Protection and Courtesy Pay will both avoid insufficient checking balances and prevent your checks from being returned due to 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. In fact, even ATM withdrawals, automatic payments, and debit card purchases are now covered by both traditional Overdraft Protection and Courtesy Pay.

"Traditional" Overdraft Protection

One of the best reasons to keep all of your accounts at Valley Oak: if your checking account drops below zero, your transactions will still go through without NSF (Non-Sufficient Funds) fees, as long as you have another Valley Oak account that the funds can be drawn from, such as a checking account, a savings account, or an overdraft line of credit . Ask a loan officer at your local branch or apply for Overdraft Protection.

For most checking accounts at Valley Oak, there is no fee associated with this service (aside from normal finance charges if the funds come from your Valley Oak line of credit). See Service Charge Schedule.

Courtesy Pay

Overdraft Protection is great, but what if you don't have enough available funds* in your other Valley Oak accounts? Well, as long as you maintain your account in good standing, Valley Oak Credit Union may still approve your overdrafts within your current available Courtesy Pay limit.**

The following transactions are covered requiring no action on your part:

  • Written checks
  • ACH (electronic payments)
  • Recurring debit card transactions

At your request, your Courtesy Pay limit may also be available for these transaction:

  • ATM
  • One time debit card transactions

Courtesy Pay costs you nothing unless you use it. If used, you will be charged our paid item overdraft fee for each overdrawn item.

Still have questions, contact us today and review our Overdraft Options FAQs.

* Your checking account has two types of balances: the "actual" balance and the "available" balance. Your actual 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 an overdraft fee. The available balance takes into account things like holds placed on deposits and pending transactions (such as pending debit card purchases) that the Credit Union has authorized but that have not yet posted to your account. Available balance is used to determine when your account is overdrawn.

** Limits apply based on type of checking accounts. Whether your overdraft will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing. To find out if your account is in good standing, please contact your local branch. There is a fee associated with each item covered by Courtesy Pay.

The accuracy of our calculators and their applicability to your circumstances are not guaranteed. You should consult with a qualified professional regarding your particular circumstances.