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Real Overdraft Protection

Features
Details

Never worry about overdrawing your checking account again! Our affordable three-layer safety net saves you money and can prevent the high cost and embarrassment of a returned check or the inconvenience of a denied debit card transaction.

  • No enrollment or annual fees
  • Included with Heartland Credit Union Checking*
  • An HCU exclusive

Peace-of-mind. That is what you get with Heartland Credit Union Real Overdraft Protection. It's a safety net that is always there, protecting your finances and reputation, costing nothing unless you use it. You choose the level(s) of protection you need. Since it's from HCU, it offers more protection and lower costs, keeping our promise of putting people first.

Real Overdraft Protection covers overdrafts created by checks, in-person withdrawals, debit card transactions, ACH debits, bill payments, and ATM transactions.

Without Real Overdraft Protection, Heartland Credit Union may return your overdrafting items, charging you our standard return item fee of $34 and merchants may also charge additional fees.

*Not included with HCU Stepping Stone Checking


Layer 1: Overdraft LOC Loan (Opt-Out)

Initial line determined by credit tier with larger lines available through request
Advances are made as needed (up to your limit) in $200.00 increments
Costs include simple daily interest on the loan, (16.9% APR as of 7-2010) and a $4 transfer fee per item, per advance
Low monthly payments of $10 per $150.00 balance
Payments are due each month on the 30th

Layer 2: Share transfer (Opt-Out)

Transfers are for the exact amount of the overdraft and can come from any of your HCU savings or other checking accounts
There is a $3 fee for each transfer made
Due to regulations, you may be limited to up to six transfers per month

Layer 3: Courtesy Pay (Opt-Out)

We may pay your overdrafting checks, ACH debits, recurring debit card transactions, and bill payments up to your courtesy pay limit, taking your account negative. Initial line determined by credit tier with larger lines available through request
A courtesy we extend to HCU members who maintain their HCU checking accounts in good standing, and have opted-in.
We will charge you a fee of up to $24 each time you overdraw your account and the account balance is overdrawn $10.00 or more.
You will have up to 30 days to bring your account positive from the time you access your Courtesy Pay.
There is a daily limit of $154 on the total fees we will charge you for overdrawing your account through Courtesy Pay.

Layer 3, option a: expanded coverage (Opt-In)

We may pay your overdrafting ATM and one-time debit card transactions up to your courtesy pay limit, taking your account negative.
A courtesy we extend to HCU members who maintain their HCU checking accounts in good standing, and have opted-in.
We will charge you a fee of up to $24 each time you overdraw your account and the account balance is overdrawn $10.00 or more.
You will have up to 30 days to bring your account positive from the time you access your Courtesy Pay.
There is a daily limit of $154 on the total fees we will charge you for overdrawing your account through Courtesy Pay.

Brochure Opt-Inpdf

Consent formpdf

Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we  typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts.

pdfClick here to view our Terms and Conditions; Funds Transfer/Availability, Electronic Transfer disclosures