Information and Alerts

Overdraft Line of Credit

Credit solutions for emergencies

Overdraft coverage for crunch time

Nobody wants to see the dreaded “transaction declined” message-it can be both costly and inconvenient. An Overdraft Line of Credit can ease your concerns by providing a safety net for your finances. Enjoy peace of mind knowing you’re covered by getting an Overdraft Line of Credit.

An Overdraft Line of Credit can help in several ways, a few are listed below.

  • Your card not being denied at the register.
  • Your checks not bouncing.
  • Your automatic payments not failing on your utilities or other bills.
  • Protects against Courtesy Pay and NSF fees.
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Overdraft Interest Rate
ProductFixed APR
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:

Number 1

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

Number 2

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

Number 3

If you overspend, we transfer the amount from the Overdraft Line of Credit to keep your checking account positive.

Number 4

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

Number 5

Finally, we calculate your payment based off of your unpaid balance at the end of the month. Monthly minimum payment is equal to 3% of your balance or $15, whichever is greater.

man handing his credit card to retail associate

Loan Requirements

To qualify, you’ll need:

Apply online today! For questions or to apply directly with a representative, call 801-456-7590 or 800-326-3328. Available weekdays: 8am-6pm, Sat: 9am-2pm. Additionally, you may visit any Deseret First Branch.

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Overdraft Line of Credit vs Courtesy Pay

Life comes with challenges. That’s why we offer two different versions of our overdraft program: Overdraft Line of Credit (LOC) 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.

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