Overdraft solutions

Protect your checking account from the busyness of life with our overdraft solutions.

Choose the best
option for you

  • Greater peace of mind when life gets busy
  • Multiple options can be layered for added protection
  • Extend coverage to debit card and ATM transactions

Protect your checking account

We’ve all forgotten about an automatic payment or miscalculated our budget – that’s life! We understand you have a lot to juggle and if you inadvertently overdraw your checking account or worry you don't have enough money to cover an unexpected expense, we’ve got you covered with several overdraft solutions.

Understanding overdrafts

An overdraft occurs when a financial institution allows you to spend more money than you have available in your checking account, rather than declining a transaction. At General Electric Credit Union, we offer three overdraft solutions to ensure your debit card transactions and payments are covered so you can get on with your day, worry-free.

Overdraft solutions

Find the combination of coverage that works for you.

 

Overdraft Protection Transfers1

Overdraft Line of Credit

Courtesy Overdraft

Eligible accounts

Simply Free, Choice, and Amplified High-Yield Checking Any GECU checking account Any GECU checking account
Details Automatically transfer funds to a checking account from a GECU savings or money market account, for free. Upon approval, this options helps prevent overdrafts by automatically transferring funds to your checking account from your line of credit.  This option covers transactions (checks, ACH, and Bill Pay) when you don't have sufficient funds in your account. Opt-in to extended coverage and cover everyday debit card and ATM transactions.
Fees $0 fee $0 if the transfer is initiated in Online Banking or our mobile app2 in advance; otherwise, $2 per transfer (plus interest)  $32 overdraft fee per item

How to prevent overdraft fees

Ultimately, the best way to protect yourself from overdrafts and returned check fees is to know your balance and any upcoming automatic payments. We offer a variety of convenient options to check your balance before making a purchase:

General Electric Credit Union is a full-service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky.

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