Overdraft Protection Options

Overdrafts happen, but with overdraft protection you’ll be ready to handle them. We offer a selection of overdraft protection options, giving you the flexibility to pick the ones that are right for you!

AdvantageLine Loan

An AdvantageLine Loan can be linked to any of your savings, checking or other accounts to cover overdrafts. As a personal line of credit, the loan only accrues interest on the amount you owe.

Savings to Checking Automatic Overdraft Protection

If you overdraw your checking account, we can automatically transfer money from your savings account to cover the balance. This automatic service requires a small fee, but you can avoid it by making the transfer yourself manually before completing your transaction. To transfer funds, simply call Telephone Teller, speak with a VCCU representative during business hours, visit an ATM, or log into your mobile or online account.

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Courtesy Pay

Courtesy Pay covers any overdraft up to your limit (usually $500 or $1,000), and it is available to all VCCU members in good standing (no application necessary). Some types of transactions are covered automatically by Courtesy Pay, while others require you to opt in first. Unlike most overdraft protection options, Courtesy Pay provides coverage without being linked to a backup payment source like a line of credit or savings account. After using this service, you have 30 days to repay the overdraft and return your account balance to positive. 

To learn more about your overdraft protection options at VCCU, contact us at 805.477.4000 or visit your nearest office in Ventura, Port Hueneme, RiverPark, Oxnard, Camarillo, Thousand Oaks, Moorpark or Simi Valley, California.

A fee applies for the payment of each overdraft; Standard overdraft protection includes checks and other transactions made using your checking account number and automatic bill payments. ATM transactions and non recurring debit card transactions are not covered unless member opts-in for coverage.  Coverage up to a $1000 limit; ($500 minimum). Qualifications apply.  Members will have up to 30 days to make a deposit to their account to repay the overdraft.

By selecting this coverage, members acknowledge that any deposit made into their checking account after an overdraft occurs will in effect repay the overdraft balance whether the funds are from an automated payroll deposit, social security deposit or other automated deposit or deposit by check

Preventing Overdrafts

Financial planning and careful money management can help you avoid overdrafts. As a VCCU member, you get free access to a variety of educational resources through BALANCE that can help you take control of your finances and keep your accounts balanced. If you’d like help getting started, please don’t hesitate to contact us.