Overdraft Transfer Service

Overdraft Transfer Service is an optional service that helps prevent NSF (non-sufficient funds) fees or an overdrawn account when your Checking account doesn’t have sufficient funds to pay an item.

How Does Overdraft Transfer Service Work?

Overdraft Transfer Service automatically moves available funds to your Checking account from up to two designated protecting accounts. A protecting account can be a GKCU Share, Money Market Share, other Checking account, or an Open-End Signature loan.1, 2

Overdraft transfers occur in whole dollar amounts. If the standard transfer increment is not available in the protecting account, all funds available (in whole dollars) are transferred to your Checking account.3 Once an account is enrolled in Overdraft Transfer Service, you can also enroll in GKCU’s Another Chance Alerts program.

  • Up to two protecting accounts
  • Funds transferred in $50 increments

How to Get Overdraft Transfer Service

Sign up for Overdraft Transfer Service at your local branch or online through Connect GKCU. Contact us at (252) 527-4002 for answers to any of your questions.

1 Available funds are transferred from Checking accounts and Money Market Share accounts. Share accounts must maintain a $25 minimum balance for membership, and if a Share account serves as a protecting account for Overdraft Transfer Service purposes, the $25 minimum amount will not be available for overdraft transfer even though this amount is displayed online as part of the account’s available balance.
2 Overdraft transfers from Open-End Signature loans are considered loan advances and interest begins to accrue at the time of the transfer.
3 Funds are transferred from the primary protecting account first. If funds in the primary protecting account are insufficient to cover any item posting to the Checking account, all available funds, in whole dollars, are transferred from the primary protecting account and then another transfer is made from available funds in the secondary protecting account.

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