We have your overdraft solution!

With our busy lives, it’s easy to make mistakes such as forgetting to deposit a check or deduct your last debit charge from your balance. A simple error or balance miscalculation can lead to an unexpected shortage of funds. Pelican may have the solution you’re looking for with our Overdraft Privilege program. Overdraft Privilege is not a line of credit. However, if you accidentally overdraw your account, we will have the discretion to pay the overdraft, subject to your Overdraft Privilege.
 

Pelican will not pay overdrafts for everyday debit card transactions unless you have given your consent by extending coverage to the payment of these overdrafts. Click here for more information.

Want to learn more about overdrafts? Check out our post on Pelican State of Mind! 

See below for the overdraft options we have available for our members:

Standard Coverage

Covers overdrafts caused by:
  • Checks
  • ACH Automatic Debits
  • Recurring Debit Card Payments
  • Online Bill Pay Items

Extended Coverage

Covers overdrafts caused by:
  • Checks
  • ACH Automatic Debits
  • Online Bill Pay Items
  • Everyday Debit Card Transactions
You can opt-in or out of Extended Coverage easily by messaging a team member in MyPelican!

Other Options
  • Link to Another Deposit Account You Have at Pelican State Credit Union1 (Cost: $5.00 Fee Per Transfer
  • Link to a Cash Advance on your Pelican State Credit Union credit card1, 2, 3 (Cost: Interest)
  • Overdraft Protection Line of Credit1, 2 (Cost: Interest)






































Your Overdraft Privilege limit is subject to change based on your ongoing deposit and loan activity with Pelican. Please see the information below for our Overdraft Privilege limits.

Business Basic Checking
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$1,000 $1,000 $1,000
Horizon Checking
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$300 $300 $300
Preferred Checking
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$200 $500 $1,000
Kasasa Cash
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$200 $500 $1,000
Kasasa Cash/Saver
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$200 $500 $1,000
Kasasa Cash Back
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$200 $500 $1,000
Kasasa Cash Back/Saver
Without Monthly Deposits Regular Monthly Deposit* Monthly Direct Deposit & Net Deposit of $1,500**
$200 $500 $1,000
Net Deposit Calculation Example:
 

($1,550 in Monthly ACH Deposits) – ($475 in Cash/Check Deposits) + ($450 for your Pelican State CU Auto Loan)
= $1,575 Net Deposit Amount

There is no restriction on the dollar amount of the deposit required in order to receive this limit. To maintain this limit there must be a deposit into the account every 35 calendar days. 

Are Overdraft Fees Getting You Down?


Reconciling your monthly bank statement against your check register as often as possible can help you prevent overdraft fees!

To reconcile your check register with your bank statement balance:

  1. Record all deposits and withdrawals.
  2. Subtract any checks that have been written.
  3. Subtract any service fees.
  4. If your account earns dividends, add the dividends to your checkbook register.
  5. Subtract all debit card transactions as soon as they occur.

When you're finished, the balance on your bank statement and in your checkbook register should be the same.

Easy access to account information can also help prevent overdraft fees. Pelican has several ways to access your Pelican account on the go:

  • MyPelican - Access your account on the go with our free smartphone app for iPhone and Android, MyPelican. You can also use the chat feature for any questions!
  • Pelican Teller - Call 1­-800­-351-­4877 to access your account 24 hours a day, seven days a week through our automated phone system. No computer or smartphone needed!

Need help managing your account?

Pelican has you covered with Nationally Certified Credit Counselors ready to assist you!
















*If you choose Extended Coverage, everyday debit card transactions will be included with the transactions listed under Standard Coverage.
1Call us at 1-800-351-4877 or come by a branch to sign up or apply for these services.
2Subject to credit approval.
3Cash advance rate applies.