Overdraft Protection


Overdraft & Automatic Transfers

The safety net.

  • First NRV Credit Union’s Overdraft Protection service requires you to link your savings to your checking account. In order for this service to operate effectively, and save you from overdraft fees, you must have matching funds present within your linked savings account. The funds within this linked savings account can then be automatically transferred to cover the amount of the charge that is drafting from your checking account.

  • Automatically transfer money from your savings account to your checking account to prevent insufficient fund fees from being applied to your account.

    • This is considered an electronic transfer.

      • Other forms of electronic transfers are by the phone transfers, and transfers done through online account access or internet branching.

        • Automatic transfers (electronic transfers) can only be done 6 times within one month, and afterwards, a $20.00 Regulation D transfer fee will be applied to your accounts for each transfer made after the 6 transfer limit has been reached. So if you go two transfers over the limit, $40.00 in fees will be applied to your accounts. This is a Federal Regulation that we are legally obliged to uphold. No exceptions will be made.

  • If you do not have the necessary matching funds in your savings account to cover the amount of the transaction that is trying to clear your accounts, an NSF fee will be applied to your accounts for any and all overdrafts. No exceptions will be made.

*A HELPFUL TIP FROM YOUR FRIENDLY NEIGHBORHOOD CREDIT UNION:  Take advantage of our online account access through this website to keep better track of the transfers that you have made each month! This will help you dodge the Reg D fee! Just remember, no more than 6 transfers from your savings to your other accounts within one month, or else a $20.00 fee will be applied to your account. NO EXCEPTIONS WILL BE MADE.