Coverage Options
STANDARD
Covers overdrafts caused by:
- 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
Covers overdrafts caused by:
- 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 OVERDRAFT PROTECTION 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.
What's My Overdraft Limit?
Effective Thursday, November 1, 2018, your Overdraft Privilege limit is subject to change based on your ongoing deposit and loan activity with Pelican. Please see the table below for our Overdraft Privilege limits.
| Account Type |
Without Monthly Deposits |
Regular Monthly Deposit* |
Monthly Direct Deposit & Net Deposit of $1,500** |
| Business Basic Checking |
$1,000 |
$1,000 |
$1,000 |
| Horizon Checking |
$300 |
$300 |
$300 |
| Preferred Checking |
$200 |
$500 |
$1,000 |
| Kasasa Cash |
$200 |
$500 |
$1,000 |
| Kasasa Cash/Saver |
$200 |
$500 |
$1,000 |
| Kasasa Cash Back |
$200 |
$500 |
$1,000 |
| Kasasa Cash Back/Saver |
$200 |
$500 |
$1,000 |
Net Deposit Calculation Example:
Monthly ACH Deposits + $1,550
Cash/Check Deposits + $475
Pelican State CU Auto Loan - $450
Net Deposit Amount $1,575
*There is no restriction on the dollar amount of the deposit required in order to receive this limit. To maintain this limit there must be a deposit into the account every 35 calendar days.
**To qualify for the $1,000 limit, there must be a direct deposit and a total of $1,500 in net deposits every 35 calendar days. Pelican State Credit Union will factor in ACH deposits, cash or check deposits at a Pelican branch or shared branch location, and mobile deposits. Pelican State Credit Union loan obligations will be deducted from this total. If your net deposit amount remains at $1,500 or above, you will qualify for the $1,000 limit.
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:
- Record all deposits and withdrawals.
- Subtract any checks that have been written.
- Subtract any service fees.
- If your account earns dividends, add the dividends to your checkbook register.
- 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:
- [email protected] - Access your account from your computer at any time with [email protected]!
- 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—click the pink "CHAT NOW" icon on desktop or mobile to get started!
- 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!
