Overdraft Line of Credit


Credit solutions for emergencies

Overdraft coverage for crunch time

We all hate to see those dreaded words: transaction declined. Insufficient funds can be costly and inconvenient. Conversely, getting an Overdraft Line of Credit can ease your worries. Giving you further satisfaction, knowing you’re covered with Deseret First.

You no longer have to worry about:

  • your card being denied at the register
  • bounced checks
  • failed automatic payments on your utilities or other bills
Start application
Overdraft Interest Rate
ProductAPR
Overdraft Line of CreditAs low as 10.9%

The annual percentage rates (APRs) listed here represent our best available rates. Your individual rate may be higher depending upon your creditworthiness. Membership and eligibility required. OAC. Offer subject to change. Additional products and rates are listed here.

How Overdraft Credit works:


1

Once approved, use your checking account normally. The line of credit will cover any overspending.

2

Next, we watch your checking account to make sure you have a positive balance.

3

If you do overdraft, we transfer the amount from the LOC to your checking.

4

Interest accrues on the advanced allowance until you pay it off.

5

Finally, we calculate your payment based off of your unpaid balance at the end of the month.

man handing his credit card to retail associate

Loan Requirements

To qualify, you’ll need:

  • Membership & eligibility
  • Deseret First Checking Account
  • Monthly minimum payment is equal to 3% of balance or $15, whichever is greater

Apply online today! For questions or to apply directly with a representative, call 801-456-7000 or 800-326-3328. Available weekdays: 8am-7pm, Sat: 9am-2pm. Additionally, you may visit any Deseret First Branch.

Apply online now

Overdraft LOC vs Courtesy Pay


Life comes with challenges. That’s why we offer two different versions of our overdraft program: Overdraft Line of Credit and Courtesy Pay. We realize this might be confusing sometimes. So we decided to lay it out for you. This puts you in charge to choose what’s convenient for you.

Courtesy Pay Disclosure
Overdraft Comparison Chart
FeatureOverdraft LOCCourtesy Pay
Requires loan application
Maximum credit based on account type
Maximum credit based on your income
Interest applies to balance
Balance calculated daily
Fee for each transaction

As your community— we’ve got your back when you need it.

Start Application