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Overdraft Protection

Overdraft Protection

If you’ve ever made an honest math mistake or had emergency expenses at just the wrong time, the hassle and expense of overdraft charges from retailers are the last thing you need! For situations like this, Edison Credit Union offers two types of overdraft protection service.

  • Overdraft Loans: If you’d rather keep your savings untouched, you can apply for an Overdraft Loan to bridge the gap in your checking account. This option creates a reusable line of credit, and there’s no cost to use the service – you just pay interest on the money you borrow.
  • Courtesy Pay: The credit union provides this discretionary service to spare you the extra expense and embarrassment of returned checks up to $300. You’ll never pay for the privilege until you need it!

Federal legislation requires account holders to opt in to these services. Please contact us regarding Account Protection.