How does an overdraft line of credit work?

If you have an unexpected shortage of funds in your Patelco checking account, your overdraft line of credit takes over to cover you.

Depending on the credit limit you are offered and select, we will process your transactions on your Patelco Checking account even if they dip your balance below $0.00. With that being said, we will only cover transactions that stay within the maximum amount of your Overdraft Line of Credit. Instead of paying an overdraft fee, you’ll pay interest only on the amount you borrowed for the amount of time it’s outstanding.

The interest on the Overdraft Protection Line of Credit is substantially less than the $28 Fee for Courtesy Pay and Paid NSF Overdraft Fee.

Product Benefits

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No fee and low rates

No cash advance fees (unlike credit cards), plus get a competitive, fixed rate

Saves money

Interest you would pay is much less than an overdraft fee

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Establish or rebuild credit

Helps establish credit history on your credit report

Flexibility when you need it

It’s an open line of credit, so you can also use it for other financial needs

Overdraft Protection Line of Credit

Rates Effective 10/28/2022
Term Amount APR1
Open-ended $300 - $5000 10.95% to 14.95%

Frequently Asked Questions

Manage Your Accounts Online

Use Patelco Online™ to manage your accounts online:

  • Check balances
  • Get account details
  • Transfer funds and Make Payments
  • Send us secure messages about your loan
  • Make payments from your Patelco account
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August 13, 2020

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Get easy, worry-free access to cash
Tap into Overdraft Protection Line of Credit to cover unplanned or occasional expenses between paychecks.

1 APR = Annual Percentage Rate. All loans are subject to credit approval, restrictions apply, rates are subject to change. Loan rates offered effective 10/28/2022. Patelco offers a range of base rates and discounts that depend on factors such as credit type, credit history, and Patelco account relationship. Actual rates are disclosed to approved applicants in writing prior to loan consummation. The APR range is 10.95% to 14.95% for Signature Line of Credit and Overdraft Protection Line of Credit. Minimum payment is 2% of the unpaid balance or $46.00, whichever is greater. To learn more about rates, terms, and exclusive discounts for members, such as Commitment Household, call 800.358.8228 or visit any Patelco branch.