Services & Tools / Overdraft Privilege

You can opt in to receive full overdraft privilege on all types of transactions from your CP Federal checking account. This benefit provides automatic overdraft protection to avoid embarrassment, take care of an emergency, or withdraw funds when you need them most.

Overdraft privilege is standard with online payments and pre-authorized automatic debits. However, you must opt in if you would like to extend this protection to ATM withdrawals and everyday debit card transactions.

We will charge our normal non-sufficient funds or overdraft charge, as set forth in our fee schedules (currently $30 per item), for each item that would create an overdraft on your account. We are not promising to pay your overdrafts, not all accounts are eligible, and some restrictions do apply.

Overdraft Limits

Kasasa Cash: Overdrafts up to $800
Choice Checking: Overdrafts up to $800
Golden Power: Overdrafts up to $800

Alternatives

You may also choose an alternative to this overdraft privilege program. You can link a CP Federal savings account to your checking account. If sufficient funds are in your savings account, we will automatically transfer the funds to cover the overdraft. There will be a $5 fee per transfer.

You may also establish a line of credit that is automatically activated to cover any overdrafts. The balance of this credit line would then accrue interest until you pay off the balance.