Use Your Visa Credit Card as Overdraft Protection
This convenient service from First United Credit Union is available to all qualified members to use as overdraft protection (ODP) instead of Courtesy Pay.
If you’re a current Visa credit cardholder, ask for the service on your eChecking account. When applying for a new Visa credit card, opt for the eChecking ODP feature at the time of application. Upon approval, overdrafts will be covered in increments of $50, up to your available limit.
Convenient and Cost-Effective
We treat each ODP as a cash advance and interest starts immediately. However, there is only a $10 fee. This charge is significantly less than those incurred with Courtesy Pay. The service will also prevent the embarrassment of a returned check and other expensive third-party charges. ODP transfers are made automatically for added peace of mind.
Sit Back and Relax
Transfers will occur in blocks of $50 at the end of each day. For example, if you have $200 available on your credit card, and your checking account is overdrawn by $132, $150 will be advanced on your Visa credit card and transferred into checking.
In comparison, if you had Overdraft Privilege or Courtesy Pay, and three transactions caused the $132 overdraft, there would be a $30 charge per overdraft or $90 total. Using your Visa credit card for ODP will give you peace of mind and help you avoid unwanted fees.
Call us to sign up today!