Overdraft Protection

Options to avoid insufficient fund fees

Overdraft Line of Credit

Automatic Transfer

Courtesy Pay

Overdraft Line of Credit

You only pay if there is a balance

Avoid fees for insufficient funds
Interest-only payments on the balance
Automatic overdraft protection whenever you need it up to your approved credit limit
Cost is a fraction of the amount charged for insufficient funds ($25 fee) or courtesy pay ($20 fee)
Meets the loan product requirement for GoldStar® Membership
Improve your weekly cash flow
No loan fees
Online & Mobile Banking
End-of-Year Member Reward Dividends
Eliminates the embarrassment of a declined transaction or the frustration of a returned check

Automatic Transfer

Up to 4 accounts can be set up as overdraft accounts

Use available balances from savings accounts to cover overdraft amounts
Member must complete the Overdraft Transfer Authorization Form
No fees for this service
Automatic transfer accounts can be in your preferred order
No fees for this service
Includes share, club, money market, third-party, and overdraft LOC accounts

Courtesy Pay

We cover your overdraft transaction amount for a $20 fee

Must qualify or opt-in (can opt-out at any time)
Authorization and payment of overdrafts is not guaranteed
Coverage for ACH and checks is at the discretion of the credit union
Coverage does not extend for ATM and one-time debit card transactions
Limit of $500 including the amount overdrawn and courtesy pay fee(s)
Account becomes eligible after it has been open for 90 days
ATM Draft, Fresh Start Draft, Youth Draft (9Y), and Business Draft are not eligible
Must be a member in “Good Standing”
Can be discontinued or terminated if member does not maintain “Good Standing”
Helps you avoid any returned check merchant fees

Repayment:

The member has 15 calendar days from the day the advance was made, not to exceed 45 calendar days, to deposit funds and bring the account to a positive balance.
Member may apply for an overdraft line of credit loan to help them with managing their account and save money on courtesy pay and non-sufficient fund fees.

Adding the optional Overdraft Line of Credit to my checking account has saved me a lot of money. I didn't realize before having it how expensive insufficient fund and returned check fees cost. Now I don't have to worry about that and can spend confidently knowing that my card won't get declined with a cart full of groceries.

First Californian Member

Overdraft Line of Credit Rates

Rates up to date as of July 3, 2024. Rates subject to change without notice.

Account Type	APR
Overdraft Line of Credit¹	18.00%

APR = Annual Percentage Rate. Membership required, on approved credit, and rates subject to change at any time without notice.
1. Loan payment calculation is 2.00% of balance or $20 minimum.

For more information visit Terms & Conditions, Current Rates, and Fee Details.

Frequently Asked Questions

What is an Overdraft?

An overdraft occurs when members do not have enough money in their checking account to cover a transaction.

What if I don't have an Overdraft Coverage on my checking account?

Unfortunately, you will be charged a Non-Sufficient Funds (NSF) fee of $25 per overdraft transaction. For check overdrafts, you will be charged the NSF $25 fee by us, the check payment will be blocked, and you will likely receive a returned check fee from the merchant. For debit card overdrafts, for most transactions your card will be declined at the point of sale and you won’t be charged an NSF fee. However, there are some debit card transactions that will be charged the NSF fee, such as when buying gas at the pump. In this example, if you have a $10 balance and spend $20 on gas, the transaction will go through because your balance shows a positive balance, but will be charged the NSF fee by us because the transaction went through with insufficient funds.