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 card^{1, 2, 3} (Cost: Interest)
• Overdraft Protection Line of Credit^{1, 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.

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.

Net Deposit Calculation Example:              

Monthly ACH Deposits                   + $1,550
Cash/Check Deposits                      + $475
Transfer Into Account                     + $50
Pelican State CU Auto Loan            - $450
Transfer Out of Account                  - $25
Net Deposit Amount                        $1,600

*There is no restriction on the type of deposits, nor the dollar amount of the deposits, required in order to receive this limit. To maintain this limit there must be a deposit into the account every 32 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 32 calendar days. Pelican State Credit Union will factor in all other deposits and transfers into your account. Transfers out of the account as well as your 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.

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:

• [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!