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Navy Federal Credit Union

Checking Protection Options

Protect Your Checking Accounts

Whether it's a simple checkbook miscalculation, car repairs, urgent medicine or unplanned travel, we understand mistakes happen and emergencies arise.

Navy Federal offers three protection options to make sure you're covered.

Savings Transfer

Pays overdrafts at no charge.

  • Automatically moves money from savings to checking to pay for overdrafts, as long as funds are available
  • Free of charge and, in combination with other transfers, is limited to six uses per month

Checking Line of Credit

(previously called Overdraft Line of Credit)

With Checking Line of Credit,1 your checking account is covered. It protects you from overdrafts and from having transactions denied for non-sufficient funds. Plus, it's also an easy and convenient line of credit when you need quick access to cash.

  • Automatic protection with no per-item overdraft fees
  • Access cash when you need it for large or unexpected expenses
  • Flexible repayment options
  • A low interest rate with monthly payments that are 2% of the principal loan balance or $20, whichever is higher. Rates range from 13.9% to 17.9% APR.2

Optional Overdraft Protection Service3 (OOPS)

OOPS covers overdrafts from checks, Automated Teller Machine (ATM) withdrawals, Automated Clearing House (ACH) transactions (for automatic bill payments) and debit card transactions.

  • A $20 fee will be assessed for each overdraft
  • No fee on transactions of $5 or less, or if your total overdrawn balance is less than $15
  • Maximum of three overdraft fees charged per day (if overdrafts exceed three in a day, the account remains open, but no additional fees will be charged)
  • Total overdrafts cannot exceed $500, including fees
  • 30 days to bring the account back to active status4
  • Does not require credit approval

1Checking Line of Credit is a credit product and subject to credit approval. 2Rates based on creditworthiness, so your rate may differ. Rates range from 13.9% APR to 17.9% APR. 3OOPS pays checks, Point-of-Sale (POS) debit card (Visa® Debit Card and CUCARD®) transactions, ATM withdrawals, and ACH transactions presented against your checking account when it is overdrawn. You must be at least 18 years of age and a member for a minimum of 90 days for this service to be extended. The fee is $20 with a maximum of three fees per day, per account. OOPS must be repaid promptly. Should the account remain overdrawn beyond 30 days, the OOPS will be frozen. Should the account remain overdrawn beyond 45 days, the OOPS will be terminated. You are limited to two checking accounts of which you are the primary owner. Items will be posted in the following order: ATM, Navy Federal Debit Card POS, ACH, and check. When multiple withdrawals are processed in the same debit posting, items will be posted from the lowest to highest amount. Navy Federal pays overdrafts at our discretion and reserves the right not to pay. 4The account must be in a positive status for a minimum of one business day to allow the deposited funds to clear. Additional Checking Protection options include Checking Line of Credit and Automatic Savings Transfers.

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