An overdraft can occur if you made a mistake in your checkbook, or had unusual or unforeseen expenses at just the wrong time. Relax...your credit union is here to help. We have the following options you can choose from or have all three!
Automatic Transfer from another NUFCU deposit account
Members are automatically enrolled for overdraft protection here at the credit union via a savings account. If a checking account is overdrawn, the credit union will transfer the funds from the attached savings account for only the amount needed to cover the overdrawn balance. For a small transfer fee, members can avoid costly overdraft fees.
Overdraft Protection Line of Credit
Avoid expensive and embarrassing overdraft fees by applying for an overdraft line of credit. This form of overdraft protection is unique because members only pay for the amount of money borrowed - not the number of items that need to be covered. There is no cost unless the member uses it. Members may advance the funds themselves or via online banking or by telephone, or rely on the credit union to advance the funds in $100 increments for a small transfer fee. Repayment is the principal plus interest on any balance. Payments may be made monthly.
Courtesy Pay
Security and peace of mind! We will pay overdrafts on a member's account up to $750 for convenience and flexibility in managing your funds. Extended Coverage* is available on ATM transactions and everyday debit card transactions. To add Extended Coverage to Courtesy Pay, we'll need your consent. Click here to add ATM transactions and everyday debit card transactions or call us at 402.472.2087. Courtesy Pay is only used if other forms of overdraft protection have been exhausted.
*If you choose Extended Coverage, ATM transactions and everyday debit card transactions will be included in addition to the transactions under Standard Coverage. Please click here to review "What Else You Should Know" for other important information.
| Overdraft Coverage Options | |
| Service | Cost |
| Automatic Transfer from another NUFCU deposit Account 1 | $5 fee per transfer |
| Overdraft Protection Line of Credit 2 | $3 fee per transfer + interest |
| Courtesy Pay3 | $25 OD/Courtesy Pay fee per item presented** |
1 You are enrolled in Automatic Transfers from your University of Nebraska FCU savings when you open a checking account. 2 Call us at 402.472.2087, click on the "Overdraft Protection Line of Credit" button above, or come by a branch to apply for a line of credit; subject to credit approval. 3 Automatically available for eligible accounts. **Per item presented means each time an item is presented, including representment.