At some banks and credit unions, overdrawing your account can result in bounced checks and hefty charges. We understand that emergencies and miscalculations happen. That's why we offer a range of options that help you set things right without costing you a lot of money.
To err is human. To forgive is the way we do business.
Transfer from Savings
A quick, easy fix for those times when your balance is zero
- Log in to Digital Banking to transfer money from your savings account when your checking balance falls below zero
- It's quick and easy to move money between accounts
- Plus, there is no fee for transferring funds between accounts
Overdraft Line of Credit
It's a lot like having a credit card linked to your account
- No fees for transfers, but you pay interest on line of credit balances
- No interest will be charged if balances are paid off the same day as transfers occur
- Request to have funds moved to your checking account whenever your balance runs low
Privilege Pay
For a small fee, temporarily allow your balance to go below zero
- Prevent your checking account from going negative when automatic withdrawals (one-time or recurring) are taken out of your checking account
- Your checking account is automatically enrolled in Privilege Pay (must have a monthly direct deposit of at least $200)
- Opt in to Privilege Pay for debit card purchases when you have a monthly direct deposit of at least $200 going into your checking account
- There's a $32 fee for each Privilege Pay transaction, with a maximum daily charge of $224
- You must repay the money we advanced in a reasonable amount of time (no more than 25-30 days)
- Privilege Pay is a courtesy that we extend to you, offered at our discretion
- There is a limit to how much Privilege Pay will cover
- If you choose not to use overdraft protection, your transaction will be declined if you do not have sufficient funds in your checking account
- View Terms and Conditions for Privilege Pay
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Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey and overseas locations in Germany, Belgium and the Netherlands.