Overdraft Protection

A Small Mistake Shouldn't Turn into a Big Deal









How Overdraft Protection Works

A paycheck arrives late. A stack of bills comes due. Or life simply gets too busy to keep track of your balance. Before you know it, you've spent more than you have in your account.

At Blackhawk Community Credit Union, we understand that mistakes happen. That's why we offer several ways to help protect your account, avoid unnecessary fees, and give you greater peace of mind.

Let's Look at a Real Example

You have $50 in your Checking Account, but a $55 transaction comes through. Here's what could happen.
Without Overdraft Protection
  • Debit Card Purchase: Your $55 debit card purchase is declined because you only have $50 available in your account.
  • Check: Your $55 check may be returned for insufficient funds. You may be charged a fee by BHCCU, and the merchant may also charge you a returned-check fee.
With Overdraft Protection
Your $55 transaction may be covered using one of your available overdraft protection options:
  • Transfer from Savings: Available funds can be transferred from your savings account for a $4 transfer fee.
  • Overdraft Protection Line of Credit: Available funds can be transferred from your reserve Kwik Cash loan for a $4 transfer fee.
  • Overdraft Privilege™*: If other overdraft protection options aren't available, eligible transactions may be covered through Overdraft Privilege for a $30 fee, subject to program requirements and limitations.
The merchant simply receives an approval. They don't know that overdraft protection was used.

Overdraft Protection Options


Transfer From Savings

If there is not enough money in your Checking Account to cover a transaction, available funds in your Savings Account can help cover the difference.

  • Funds transfer automatically when available.
  • A $4 transfer fee may apply each time a transfer is made.
  • Requires available funds in your Savings Account.


Overdraft Protection Line of Credit

An overdraft line of credit is a loan linked to your Checking Account. When you don't have enough money in Checking, available funds from your line of credit can help cover the transaction.

  • Funds transfer automatically when available.
  • A $4 transfer fee may apply each time a transfer is made.
  • Interest is charged until the loan is repaid.
  • Loan application and credit approval required.


Overdraft Privilege™*

Overdraft Privilege* can help cover eligible transactions when you don't have enough money in your checking account.

  • Helps cover eligible purchases and withdrawals.
  • A $30 fee is charged each time you use it.
  • Overdrafts must be repaid within 30 days.
  • Coverage is subject to program requirements and limitations.






































Automatic Coverage vs. Opt-In Coverage

Depending on the protection option available to you, automatic coverage may apply to:

  • Checks You Write
  • Recurring Debit Card Transactions (such as online subscriptions)
  • Pre-Authorized Electronic Withdrawals (such as health club or utility payments)


Some debit card purchases made directly at a merchant and ATM transactions require you to opt in to Overdraft Privilege*.

You Can Opt-In By:

  • Calling 800.779.5555
  • Visiting Any BHCCU Branch
  • Completing our Overdraft Privilege Opt-In Form




























*Overdraft Privilege is available for eligible checking account holders. Overdraft Privilege will cover checks, drafts, electronic funds transfer, debit card transactions, ATM withdrawals, and other withdrawal requests for a fee of $30 each time you use it. The overdraft must be paid within 30 days and the checking account must have a positive balance for a minimum of 24 hours. We may refuse to pay an overdraft at any time, even though your account is in good standing and we may have paid overdrafts in the past. You will be notified of any returned items by mail.



Questions About Overdraft Protection?

We're here to help you choose the option that works best for you.

Call us at 800.779.5555 or visit your local BHCCU branch.