Overdraft Protection

To protect our members against high fees and the embarrassment associated with “bounced checks,” all NWFCU checking accounts have overdraft protection.

How overdraft protection works
In the event that your checking account has insufficient funds, overdraft protection will automatically transfer funds from the following NWFCU funding sources provided your account can cover the overdraft amount:

Share Savings Account (up to 6 per month in accordance with federal regulations)
NWFCU Credit Card (Credit card transfers are cash advances and begin to accrue interest from the transfer date)
Money Market Account (up to 6 per month in accordance with federal regulations).
Line of Credit (LOC) Loan (LOC transfers are cash advances and accrue interest from the transfer date)

With overdraft protection coverage, you designate the order in which each source is to be used. When your overdraft protection is activated, you'll receive a letter showing check number, check amount, the amount transferred, as well as where the funds were transferred from.