Overdraft Protection

If you have ever overdrawn your checking account, you've experienced the embarrassment, inconvenience and expense of bounced checks You can protect yourself and your credit record by establishing overdraft protection on your Alaska USA checking account

You can designate either a savings or money market account or a credit line loan with the same account number as your checking account Then, if you overdraw your checking account, the overdrawn amount will be transferred from the designated account.

Record keeping is easy because you receive a notice whenever overdraft protection has been activated.

Fees
A $5 fee per transfer will apply for amounts transferred from a savings or money market account.

Transfers from a credit line loan will be rounded up to the nearest $100 amount that is sufficient to clear the overdrawn checking account balance There is no charge for the first three transfers per calendar month from a credit line loan; however, there is a $5 fee for each additional transfer.

The number of overdraft protection transfers is limited to six (6) per calendar month if from a savings or money market account There is no restriction on the number of overdraft protection transfers from a credit line loan.