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!