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 offers a discretionary overdraft privilege program, which may pay overdrafts for:
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.
Any negative balance must be paid in full within 45 days for the account to remain open and the Parda Overdraft Privilege coverage to remain in effect.
Parda offers the Parda Overdraft Privilege courtesy pay program at our discretion. We may refuse to pay an overdraft for any reason, such as, however not limited to:
Parda offers less expensive ways to cover overdrafts, such as: