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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.

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SWEEP TRANSFER

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.

Get Started: Call 800-221-4020 or visit your local branch.

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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.

Get Started: Apply online call 800-221-4020 or visit your local branch.

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OVERDRAFT PRIVILEGE4

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)

To learn which overdraft protection option is best for you, please contact us at 800-221-4020 or visit your local branch.

Disclaimer

1If the Sweep Transfer is linked to another checking account that has Overdraft Privilege, and the linked account does not have sufficient funds to cover the sweep, the Overdraft Privilege service will be activated, which may result in both a $5 sweep transfer fee and a $30 overdaft fee.

2If the account used for Sweep Transfer is your membership savings account, the $5.00 membership will not be available to sweep.

3Subject to credit approval. Individuals under the age of 18 are not eligible for a Checking Line of Credit or Overdraft Privilege on their checking account.

4Individuals under the age of 18 are not eligible for a Checking Line of Credit or Overdraft Privilege on their checking account.

5Overdrafts are paid at our discretion, which means we do not guarantee that we will always authorize and pay overdrafts. Workers Credit Union will not pay overdrafts for ATM or everyday debit card transactions unless you have opted in to the payment of these overdrafts using this opt-in form.

6Accounts that are ineligible for Overdraft Privilege are Free Checking and Restart Checking accounts.

7The maximum number of overdraft/non-sufficient fund fees assessed is three per day.

A Safe Place for Your Money

As a member of Workers, take comfort in knowing that every dollar you deposit is safe, secure, and 100% insured. All deposits are fully insured by a combined insurance coverage of the NCUA, up to $250,000, and the MSIC covers the rest. Now that’s safe keeping.