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Knowledge Base Article

Overdraft Protection Options

What types of overdraft protection are available for my Checking Account?

When your account is first opened, your Primary Savings Account is set up as overdraft protection for your Checking Account. Please be mindful however of the withdrawal limitations on savings accounts subject to Reg D. Exceeding these limitations may result in fees and/or the transactions being declined. You may also use your Additional Savings, Money Market Accounts, a Personal Line of Credit and/or your Delta Community Visa Credit Card as overdraft protection for your Checking Account. By credit union regulations, the Delta Community Visa Credit Card is automatically assigned as overdraft protection for your Checking Account unless you opt out. (Home Equity Line of Credit loans cannot be used for overdraft protection.) A $3 transfer fee will apply to any overdraft transfers that pull from any credit product. This fee will be charged per transfer.

You can apply online through your Online Banking for any of these loans or by calling 800-544-3328.

(Overdraft protection cannot be established for your Savings Account withdrawals).

How many transfers am I allowed each month from my Savings Account?

Each month you are allowed six (6) transfers from your Savings and Money Market Accounts per Reg D. More information on Reg D.

Is there a fee to have or use Overdraft Protection for my checking account?

Overdraft transfers that are pulled form Savings, Money Market or other share accounts will not be assessed a fee. However, any overdraft transfers that pull funds from a Visa or other loan product will be charged a fee of $3 per overdraft transfer. And, if a line of credit is utilized, you may also incur finance charges.

How do I change the overdraft protection order on my Checking Account?

To add, delete or change the order of the overdraft protection:

  • Send us a request from Online Banking using Secure Email located under Additional Services
  • Mail or Fax a signed request or Overdraft Protection Update form to:

    Delta Community Credit Union
    Attn: Personal Deposit Services
    PO Box 20541
    Atlanta, GA 30320-2541
    Fax: 404-677-4802

  • Visit a Delta Community Credit Union branch location
  • Call Delta Community's Member Care Center and provide a verbal request

How the Visa credit card acts as overdraft protection for the Checking Account:

Funds will transfer from your Visa to cover NSF Checking Account transactions as long as the amount is within the available credit on the Visa loan at that time. (A transfer from Visa is considered a cash advance and it is subject to daily interest and the transfer fee.)