Overdraft Options

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.

Additional Options:

PARDA offers less expensive ways to cover overdrafts, such as:

• Linking your other PARDA accounts to your checking account to transfer over insufficient funds when you exceed your checking account balance. A $3.00 transfer fee applies to each transfer.
• Applying for a Line-of-Credit, and setting it up as an overdraft source for your checking account.

Call: 1.800.860.8640 or talk with a representative at your local branch, to:

• Add ATM and One Time Debit Card Overdraft Service to your account
• Link another PARDA account to your checking account
• Apply for a Line of Credit
• Learn more about any these options

Apply for a Line of Credit