Prepare for the Unexpected
Have peace of mind that your transactions will be covered in the unexpected event that you overdraw your Workers checking account balance. Workers has practices and options to help.
Link your checking account to another Workers deposit account.
How It Works: Funds from your designated account will be transferred to your checking account as long as there are sufficient funds to cover the transaction, plus a fee.1 One sweep, covering all of the day’s overdrafts will occur at the end of business day.
Fee: $52 per sweep
The Benefit: Your item(s) are paid and you are only charged one low transfer fee per day.
CHECKING LINE OF CREDIT3
Apply for a revolving line of credit to be attached to your checking account.
How It Works: Funds from your line of credit will be transferred to your checking account to cover the transaction. Much like a credit card, interest accrues on your line of credit and monthly payments are required until you have a zero balance.
Fee: $25 per year
The Benefit: Your item(s) are paid and you are able to pay back your balance, plus interest charges, over time.
A discretionary service to help prevent returned or declined items.5
How It Works: We will strive to pay the overdraft item(s) based on your personalized limit. Your limit may or may not change on a daily basis as it is determined by several factors related to your account. Not all account types qualify for Overdraft Privilege.6
Fee: $30 per overdraft item7
The Benefit: Overdraft check and ACH items may be paid and not returned, potentially avoiding other third-party fees resulting from the overdraft. Learn more.
Get Started: Overdraft Privilege is automatically added to most checking products.5 To remove Overdraft Privilege from your account please call 800-221-4020 or visit your local branch. Please note: If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions you must opt-in to include these transaction types by using this digital form.
<pstyle=”font-size:14px; line-height:50%;”>You can also download this form and bring it to the nearest branch or mail to Workers Credit Union, 815 Main Street, Fitchburg, MA 01420.
BUNDLE for Extra Protection
Utilize all three overdraft practices and protection options to maximize your overdraft coverage. If your account is overdrawn:
- Your account will start with a Sweep Transfer
- If there are not enough funds in your sweep account, your Checking Line of Credit will be checked
- If there are not enough funds in your Line of Credit then Overdraft Privilege will be checked
- If there are not enough funds offered through Overdraft Privilege, the item will be returned (you are responsible for any fees incurred)