U of I Employees Credit Union
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Overdraft Protection

Checking Account Protection & Overdraft Options

You’ve got a busy life. When things are hectic it’s sometimes hard to keep track of all your financial affairs. What happens if you:

  • Run short on cash between paydays?
  • Have unplanned expenses?
  • Make an honest mistake in your checkbook?

UIECU can help you manage your checking account with the following overdraft options:

        • Automatic Savings Transfer 

When your checking account doesn’t have sufficient funds, an automatic transfer from your Share Savings Account will take place to cover any items clearing your account. Six monthly transfer limit from savings apply.

        • Overdraft Protection Line of Credit

Save yourself the cost and embarrassment of overdraft (NSF) checks with an Overdraft Protection Line of Credit. Overdraft Protection is a line of credit loan with limits ranging from $500 up to $2,500. It protects your checking account from overdrafts and embarrassing NSF notices and fees. Protecting your account with Overdraft Line of Credit also protects your credit record by avoiding reporting of overdrafts.

The Overdraft Line of Credit is a smart addition to any checking account so you can write yourself a small loan or cover expenses during an emergency. Apply online or ask for an application the next time you visit the credit union.

        • Courtesy Pay Service

Courtesy Pay can save you the embarrassment and additional cost of bouncing checks. After all other overdraft options have been exhausted, instead of returning checks, ATM withdrawals, ACH items, and debit transactions unpaid, we may pay them for you automatically, up to a $1,000 Courtesy Pay limit. The non-sufficient funds (NSF) fee still applies but you’ll have no additional returned check charges at your retailer.

When an item is paid through Courtesy Pay, you may be notified by mail that your account is negative and that the fee has been charged. We encourage you to cover the overdraft within 3-4 days as this is anticipated as a short-term situation. Any deposits made may be applied to any overdrawn balance first. Courtesy Pay is a service offered by the credit union and can be withdrawn at a member's request, or by the credit union at any time.

If you would prefer to opt out of this service, please return this form to the credit union. Courtesy Pay Options

Questions? Please email info@uiecu.org

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