What if I overdraw my account?

We know accidents happen. Marine has a few lines of defense in case you overdraft your checking account:

1. Free overdraft protection with linked accounts. Link your Marine Credit Union checking and savings accounts and get free transfers to protect against overdraft fees. In the event of an overdraft, MCU will automatically transfer funds from your savings account to cover the transaction in increments of $100. To opt in to Overdraft Protection, log in to the Mobile App or Online Banking. On the Mobile App, choose More, then Account Services, then Overdraft Protection. In Online Banking select Account Services, then Overdraft Protection.
2. My Grace Zone. My Grace Zone is a free service available for qualified members in My Prize Checking and My Relationship Checking that covers an overdraft up to $50. The service will automatically cover ACH and check transactions that take your account below $0 up to $50 with no fee. To allow your debit card to go below $0, opt-in for Reg E (a federal regulation that protects members against fraudulent and incorrect electronic fund transfers). In the event of an overdraft on your debit card, Marine Credit Union will cover the transaction, up to $50, without charging a fee. Learn more about My Grace Zone. To opt-in to Reg E, log into Digital Banking, go to Account Services and then Overdraft for Card.
3. Overdraft Privilege. If you choose not to link accounts, Overdraft Privilege allows Marine Credit Union to pick up the tab if an overdraft takes your account negative by more than $50. MCU will cover the transaction for an overdraft fee of $35 per instance, with a maximum of six charges per day. Note: Overdraft Privilege on your debit card requires you to opt-in to Reg E to allow us to cover an overdraft. If you choose not to opt-in on your debit card, any charge that has insufficient funds will be declined and you could be subject to insufficient funds fees. To opt-in to Reg E, log into Digital Banking, go to Account Services, and then Overdraft for Card.

Note: The amount MCU covers is in accordance with your overdraft limits, which are based on deposit and repayment history and can fluctuate along with changes to your account or status. An overdraft can be a check or ACH that takes your account negative if you are not opted into Reg E, or it can be a check, ACH, or debit card charge that takes your account negative if you ARE opted into Reg E. The amount available to you can be found in Digital Banking under Account Details.