There when you need it

Sometimes unanticipated expenses or circumstances arise leaving you with too little cash in your checking account. Having a check bounce can be inconvenient and a bit embarrassing. At Crossroads, we don’t encourage overdrafts, but we do provide coverage to protect you from the occasional instances when you may need it most.

Overdraft protection is a service we offer where Crossroads pays the item for you when you do not have enough money in your account to cover transactions, such as checks, in-person or ATM withdrawals, or other electronic means.

We offer three options for overdraft protection:

  • Overdraft Privilege – a discretionary service that is available after your account has been opened for 30 days and remains in good standing*
    • Our standard Overdraft Privilege limit is $750.00
    • No service fee unless you use it; otherwise $34 per item that overdraws your account more than $10, or $10 per item that overdraws your account $10 or less
  • Automatic Transfers – You may link your Crossroads savings account to your checking account. In the event of an overdraft, we will automatically transfer money from your savings to your checking to cover it.
    • There will be a single per day fee of $10 if a transfer or transfers occur.
  • Overdraft Line of Credit – You may also apply for an Overdraft Line of Credit. Upon approval, your Overdraft Line of Credit will be linked to your checking account. In the event of an overdraft, we will automatically transfer funds (in $100 increments) to cover the overdraft.
    • There will be a single per day fee of $10 if a transfer or transfers occur.

Learn more about overdraft protection. Contact Us

* An account is considered in good standing if 1) You are not in default on any loan obligation to the bank. 2) You bring your account to a positive balance (not overdrawn) at least once every thirty (30) days for a period of twenty-four (24) hours. 3) Your account is not the subject of any legal administrative order or levy.