Overdraft Protection

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

You can designate either a savings account, or Money Market account, or 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.

Any overdraft transfer amount that is $5.00 or more will incur a $5 overdraft fee.

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.

Federal Regulation D limits the number of transfers from savings and money market accounts to no more than six (6) per calendar month. This includes preauthorized, automatic, or recurring transfers; transfers conducted via "telephonic" means such as online account access, telephone, email, fax, and overdraft protection transfers.

There is no limit to the number of overdraft transfers from a credit line loan.