PSECU will automatically transfer the funds needed to clear a check if there isn't enough in your Checking Shares. This amount must be available in your Regular Shares, depending on the option you choose.
Simply select one of the seven combinations of overdraft options on the checking application. The only restriction to these options is that they are limited to shares / loans under the same member's account number. PSECU Visa overdraft is only available if you have an established line of credit. It is subject to your existing credit limit and current loan policy. If you do not choose an option, PSECU will automatically set up overdraft from your Regular Shares.
Federal law (Regulation D) limits overdraft transfers to six per month, therefore share overdraft transfers should only be used in case you miscalculate your checking balance.
Important: When using debit, with PSECU Visa debit card, you must have available funds in your checking account or your transaction will be declined. Overdraft Transfer Service does not apply to debit transactions.