Overdraft Privilege

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    • With our busy lives, it’s easy to make mistakes such as forgetting to deposit a check or deduct your last debit charge from your balance. A simple error or balance miscalculation can lead to an unexpected shortage of funds.

    Pelican may have the solution you’re looking for with our Overdraft Privilege program. Overdraft Privilege is not a line of credit. However, if you accidently overdraw your account, we will have the discretion to pay the overdraft, subject to your Overdraft Privilege.

    Pelican will not pay overdrafts for everyday debit card transactions unless you have given your consent by extending coverage to the payment of these overdrafts. Click here for more information.

    overdraft

    Standard
    • Checks                                                                      
    • ACH ­‐Automatic Debits                                             
    • Recurring Debit Card Payments                                 
    • Online Bill Pay Items                                                                                    

    Please click here for more information about extending your Overdraft Privilege coverage.

    Extended
    • Checks
    • ACH -­ Automatic Debits
    • Recurring Debit Card Payments
    • Online Bill Pay Items
    • Everyday Debit Card Transactions*

    *If you choose Extended Coverage, everyday debit card transactions will be included with the transactions listed under Standard Coverage.

    Other Options
    • Link to Another Deposit Account you have at Pelican State Credit Union1 (Cost: $5.00 fee per transfer)
    • Link to a Cash Advance on your Pelican State Credit Union credit card1, 2, 3 (Cost: Interest)
    • Overdraft Protection Line of Credit1, 2 (Cost: Interest)

    1Call us at 1-800-351-4877 or come by a branch to sign up or apply for these services; 

    2subject to credit approval; 

    3cash advance rate applies.

    How to Prevent ODP Fees

    Are Overdraft Fees Getting You Down?

    Reconciling your monthly bank statement against your check register as often as possible can help you prevent overdraft fees!

    To reconcile your check register with your bank statement balance:

    1. Record all deposits and withdrawals.
    2. Subtract any checks that have been written.
    3. Subtract any service fees.
    4. If your account earns dividends, add the dividends to your checkbook register.
    5. Subtract all debit card transactions as soon as they occur.

    When you're finished, the balance on your bank statement and in your checkbook register should be the same.

    Easy access to account information can also help prevent overdraft fees. Pelican has several ways to access your Pelican account on the go:

    • Pelican@Net - Access your account from your computer at any time with Pelican@Net!
    • Mobile Banking - Access your account on the go with Text Banking or our free smartphone app for iPhone and Android, PelicanMobile.
    • Online Banking with MyBranch - We have an online branch to assist you, wherever you are. Pelican representatives are available to chat with you through our website during business hours!
    • Pelican Teller - Call 1­‐800­‐351-­4877 to access your account 24 hours a day, seven days a week through our automated phone system. No computer or smartphone needed!

    Need help managing your account?

    Pelican has you covered with Nationally Certified Credit Counselors ready to assist you!

    I Want Extended Coverage