Overdraft Protection
Overdraft Protection through Partners 1st comes in many forms - all of which can protect you from overdraft fees should your balance fall below zero.
With three unique overdraft plans, Partners 1st is sure to have you covered! Plus, you can choose to add all three to your account, for the absolute best coverage available. Transfers from savings, line of credit, and credit card will be applied first, and then Privilege Pay will come into play.
Savings Transfer
Available to all checking account members
- Automatically set up when account is opened
- Transfer fees from $0 to $5 based on club level
Credit Line and/or Credit Card Transfer
Subject to credit approval and based on creditworthiness
- Overdraft transfers are in $100 increments
- Transfer fees from $0 to $5 based on club level
- Cash advance fee for credit card advances
- Credit Lines offer a low interest rate with monthly payments that are 2% of the principal loan balance or $20, whichever is higher. Current rate is as low as 11.5% APR*
- Credit Cards also offer a low interest rate with monthly payments that are 2% of the principal balance or $25, whichever is higher. Current rate is as low as 8.99% APR*
Privilege Pay
Available to checking account members that qualify ** and meet certain criteria; limit varies and consent is required. This only applies to checks, ACH, and teller transactions. To work toward ATM/POS, you must sign an opt-in application:
Opt-in application for personal accounts
Opt-in application for business accounts
Qualification
- Accounts must have an aggregate of $300 in deposits over a period of 35 days
- Deposits by transfer do not count toward the aggregate in deposits
- Can not be overdrawn for more than 20 consecutive days
- Can not be delinquent on loans for more than 10 days at time of qualification**
- Account owner must be 18 years of age or older
Limits
- Personal checking accounts open 1 – 59 days have a $250 limit
- Personal checking accounts open 60 days or more have a $750 limit
- Premium checking accounts open 60 days or more have a $2500 limit
- Business checking accounts have a $1,000 limit
Fees
- Overdrafts from $0 to $.99 have no fee
- Overdrafts from $1+ have a fee of $30 per item
*Rates based on creditworthiness, so your rate may differ. **The qualification process runs daily, which means you may qualify one day and not the next.