Use Visa as Overdraft Protection
If you’re a current cardholder, simply ask for Visa as Overdraft Protection on your Checking Account. If you apply for a new card, you can opt for the ODP feature at the time of application. Upon approval, overdrafts will be automatically covered in increments of $50, up to your available limit.
Convenient and Cost-Effective
We treat each ODP as a cash advance and interest will start immediately. However, there is only a $10 fee charged per ODP. This charge is significantly less than those incurred with Overdraft Privilege. The service will also prevent the embarrassment of a returned check and other expensive third-party charges.
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 card, and your account is overdrawn by $132, $150 will be advanced on your Visa Card and transferred into Checking.
In comparison, if you had Overdraft Privilege and three transactions caused the $132 overdraft, there would be a $30 charge per overdraft or $90 total. Using Visa for ODP will give you peace of mind and help you avoid unwanted charges.