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Overdraft Privilege

PARDA has options to help you manage your checking account.

An overdraft occurs when you do not have sufficient available funds in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in the following ways:

PARDA Overdraft Privilege:

PARDA offers a discretionary overdraft privilege program, which may pay overdrafts for:

  • Share Drafts – checks you write to a third party against your checking account
  • Electronic Funds Transfers – ACH payments or recurring debit card transaction(s)

    You can choose to opt in to have your ATM and one-time (not recurring) debit card transactions paid through the PARDA’s Overdraft Privilege program, at the Credit Union’s discretion.

A $33 fee will be charged each time we pay an overdraft, and the maximum amount of the items and fees that can be charged are determined by your current overdraft limit.