What is an overdraft?

An overdraft occurs when you don't have enough money in your account to cover a transaction that would otherwise be returned unpaid. Bay Atlantic FCU offers Overdraft Protection and Overdraft Advance to help in this situation.

Overdraft Protection

This service is available for members that have made a share draft checking transaction and while they do not have the money available in their checking account, they do have the funds in their savings account. The funds needed to pay the transaction will be transferred from the savings account.

Overdraft Advance

This provides a cushion that will permit you to overdraw your account up to $300. By paying your overdraft in this way, you will eliminate the extra expense and potential embarrassment of having a share draft checking transaction 

returned. Overdraft Advance is a non-contractual agreement that requires no


action on your part. It is for members ages 18 years and older with a personal checking account that has been open for at least 90 days. Overdraft Advances services will only be activated if there are insufficient funds available from your other accounts. This coverage will be extended as long as your accounts remains in good standing. Most transactions (such as checks, ACH items, online bill payments, etc.) that overdraw your personal share draft checking account will be covered up to the $300. We will apply an insufficient fund fee of $30 for each transaction that we honor and will notify you each time your Overdraft Advance service has been activated.