At one time or another, almost everyone has forgotten to record a check or ATM withdrawal and ended up inadvertently overdrawing their account.  To avoid the cost and inconvenience of returned items, Spectrum Credit Union (Spectrum) encourages its members to sign up for FREE overdraft protection!

Members can link their checking account(s) to their Share Savings, MarketEdge, and/or Personal Line of Credit Accounts for overdraft protection. Should an overdraft situation occur, funds will be transferred automatically to cover the overdraft. Transfers will be made in $100 increments and are limited to a maximum of six per month. Unless you choose otherwise, funds to cover an overdraft in your Checking Account will be transferred in the following order:

Available funds in your Primary Savings Account will be transferred to your Checking Account.  If there are insufficient funds available in your Primary Savings Account to cover the overdraft and you have a Special Purpose Savings Account(s), transfers will be made from this account. If there are insufficient funds available in your Primary Savings Account or Special Purpose Savings Account(s) to cover the overdraft and you have a MarketEdge Account(s), transfers will be made from this account.

If there are insufficient funds available in your Primary Savings Account, Special Purpose Savings Account(s), and MarketEdge Account(s) to cover the overdraft and you have a Personal Line of Credit in good standing, loan advance transfers will be made from this account. These transfers are subject to finance charges from the date of advance as described in Spectrum’s Credit Line Account Agreement and Disclosure.

If you do not have a Personal Line of Credit, we would like to invite you to submit your application online.  You can also stop by your local Spectrum branch or call our Call Center to submit an application.  If approved, you can request that your new Line of Credit be linked to your Checking Account(s) for additional overdraft protection.

Protect your account(s) from inadvertent overdraft situations!  Please stop by your local Spectrum branch or call us at 510-251-6000 or toll-free 800-782-8782 to set up overdraft protection on your Checking Account(s).