Business Overdraft Protection Line of Credit

Ensure peace of mind and keep your business going with overdraft protection.


Protect your business from being overdrawn with a Business Overdraft Protection Line of Credit

With overdraft protection linked to your Business Checking or Business Interest Checking account at Patelco, you can cover any transaction up to the available amount of your Line of Credit.

Here’s how it works:
We’ll connect your overdraft protection line of credit to your business checking account. Whenever your account balance drops below zero, funds in $250 increments, and up to $5,000 or available amount in the LOC, are automatically transferred to your checking account to cover debit card purchases, ATM withdrawals, online bill payments, and checks — helping you avoid overdraft fees and late charges.

Business Overdraft Protection Line of Credit Benefits

Automatic Protection

Funds are transferred to your linked business checking account if your business checking account is overdrawn

Peace of Mind

Relax knowing you’re covered with a business overdraft protection line of credit

Competitive Rates

Rates as low as 12.40%1

Flat Fee

Pay only $15 each time funds are transferred

Apply for Business Overdraft Protection today

Here’s what you need to get started:

  • A Patelco Business Checking or Business Interest Checking account
  • Your business’s Employer Identification number (EIN) or Tax ID number (TIN)
  • Articles of Incorporation, Articles of Organization or a charter or similar legal document that indicates when your company was formed. Other documents may be requested
  • A government-issued photo ID and Social Security number for you and anyone authorized to sign or make transactions
Contact Patelco Virtual Branch™ Apply for Business Overdraft Protection today

Business Overdraft Protection Line of Credit Rates

Rates Effective 10/31/2023

TermAmountAPR Range1Rate Type
27941Business Overdraft Protection Line of Credit Rates Business Overdraft Line of Credit Up to $5,00012.40% to 21.90% Open-ended 31/10/202312.40%

Frequently Asked Questions about Overdraft Protection

Patelco Business Rewards Credit Card
Open a Business Rewards Credit Card that has a competitive low rate and lets you earn points on your purchases.

Plus get access to extra security features, tools, and benefits to fit your business’ needs.

1 APY=Annual Percentage Yield. Variable rates are valid as of 10/31/2023 and are subject to change after account opening without notice

* Variable rates (as of 10/31/2023) – change based on the Prime rate.

Patelco Credit Union does not offer business accounts to political parties, fundraising groups, campaign organizations, businesses engaged in any activity that violates state or federal law, businesses that present a degree of risk that we in our reasonable discretion determine that we do not have the capacity to manage, or businesses that we in our sole discretion believe could be detrimental to Patelco’s reputation in the communities we serve.

The following is a non-exclusive list of business types that Patelco does not serve: (1) any business subject to any sanctions administered by the Office of Foreign Assets Control; (2) medical marijuana dispensaries or any other business involved in the marijuana industry; (3) money services businesses (MSBs); (4) gambling businesses; (5) digital currency businesses; (6) third party payment processors; (7) prostitution businesses, whether legal or not; (8) embassies, consulates, and diplomatic missions; (9) pawn shops or pawnbrokers; (10) anonymous ownership entities; and (11) adult entertainment businesses.”

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