Protection Against Overdrafts

NOTE: This article is more than one year old, and may possibly contain out-of-date information (last published date: 11/01/2009).

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Bouncing a check or not having enough money in a checking account to cover a purchase is something we all want to avoid. The best way to do this is good account management, but sometimes, mistakes happen. Provident understands this and we offer many safeguards to aid you in preventing overdrafts, and the fees and hassles that come along with them.

Free Overdraft Protection:¹

• Automatic transfers from your Provident savings account, another checking account, or a money market account.
• Automatic charge to your Provident Visa^® card^2,3
• Automatic charge to your VIP Line of Credit

These options are pre-designated by you. You can choose which accounts to use and the order from which they are drawn. If you have not already done so or would like to change your options, call us at (800) 632-4600.

Courtesy Pay—Another Option:

• Serves as a safety net if other overdraft options are not available
• Provident can pay overdrafts up to your established Courtesy Pay limit if your account is in good standing
• There is a fee assessed for each Courtesy Pay transaction⁴
• You are only charged the fee when Courtesy Pay is used
• You have 30 days to bring your account balance positive
• You can opt out of Courtesy Pay at any time by notifying us

Ways to monitor your accounts and avoid overdrafts:

• Free Account Manager for 24/7 online account access
• Free account balance alerts sent to your e-mail for notification of low balances — available through Account Manager
• Free bill payment alerts — within our Bill Manager bill pay service
• Free Mobile Banking⁵ — visit providentcu.org on your mobile device and sign on to Account Manager or download the Mobile Finance Manager software
• Free Touch Tone Teller — call (800) 626-0224

Use these services — as well as your account statements — to review your account status on a regular basis. You'll receive a notification if your overdraft protection or Courtesy Pay has kicked in.

Sign up for online banking to monitor your accounts today. Questions? Concerns? Contact us at (800) 632-4600 and we'll be happy to help!