Overdraft Protection

Overdraft protection provides temporary cash shortfalls between paydays and short-term credit for unforeseen expenses.

Other features include:

  • Ensures that Stride Credit Union honours cheques, withdrawals, pre-authorized payments and debit card purchases up to the overdraft protection limit.
  • The account must revolve with regular monthly deposits
  • Interest is calculated on outstanding daily balances and charged monthly
  • If overdraft protection is used, there will be a monthly overdraft maintenance fee for the calendar month in which the overdraft is created and for each month thereafter that the account remains in an overdraft position.
  • No fee will be charged if overdraft protection is not used.

So if you'd like a little more comfort between paydays, or just a bit more peace of mind in case something unexpected comes up, then perhaps this is for you. Book an appointment today with one of our Financial Services Officers to discuss your options.