Sometimes an unexpected life event or an occasional mistake can leave you short of funds so when you write a check or use your debit card, the money isn’t available in your RCU checking account. With RCU’s Overdraft Pay Advantage (OPA) program, we have you covered if you accidentally overdraw your account.

We provide this service to help on occasions when:

  • You made an honest mistake balancing your account and now you’re short of funds.
  • A deposit you expected was delayed.
  • Unforeseen expenses drained your account balance.

Additional benefits OPA provides:

  • Prevents the embarrassment of a declined debit card transaction or a “bounced” check.
  • Allows you to avoid the additional expense of a merchant’s returned-item charge.
  • Gives you greater flexibility managing your money.
  • Added convenience

RCU’s Overdraft Pay Advantage service acts as a safety net on those occasions when you have insufficient funds to pay for a transaction and do not have any other protection services. Instead of an item or transaction being returned or being declined, RCU may pay the item or transaction on your behalf. Because an overdraft occurred, you will incur a non-sufficient funds (NSF) fee. This fee is the same amount as if we returned your check unpaid. (Debit card transactions that are declined are not assessed a fee.) This service can be used to pay your checks, automatic bill payments (such as Automated Clearing House or recurring debit card transactions), and your everyday debit card transactions. After a transaction is paid, you’ll be asked to make a deposit to cover the negative balance in your account immediately, and no later than within 20 days.

You can agree to this service in a variety of ways:

  • Log in to your RCU online banking at www.redwoodcu.org. Click on the Member Services Tab, then Overdraft Pay Advantage.
  • Contact our Member Service Center at (707) 545-4000 or 1 (800) 479-7928.
  • Speak with any of our branch service staff.

If you choose not to enroll in the Overdraft Pay Advantage service for your RCU debit card, your debit card transactions will be declined when you have insufficient funds in your account.

Redwood Credit Union (RCU) offers Members valuable products and services with no or low fees. For select products and services, some fees are assessed as a cost recovery. See our Cost Recovery Schedules for Personal Accounts and Business Accounts for details.

  OPA - All Services OPA - Checks and Electronic (ACH) Transactions Only No OPA Coverage
How does it work?

Instead of a transaction being returned or being declined, RCU may pay the transaction on your behalf. 

Instead of a transaction being returned or being declined, RCU may pay the transaction on your behalf. 

Checks and electronic (ACH) transactions will be returned unpaid.

 

Everyday debit card transactions will be declined at the point of sale or when you swipe and sign.

What does it cover?
  • Checks
  • Automatic recurring debit card payments
  • Electronic transfers (ACH)
  • Everyday debit card purchases 
  • Checks
  • Automatic recurring debit card payments
  • Electronic transfers (ACH)

N/A

What does it cost?

You are only charged a fee if you use the service.

 

$23 per overdraft

 

After a transaction is paid by RCU, you’ll be asked to make a deposit to cover the negative balance in your account immediately.

You are only charged a fee if you use the service.

 

$23 per overdraft

 

After a transaction is paid by RCU, you’ll be asked to make a deposit to cover the negative balance in your account immediately.

$23 per overdraft 

Are there any restrictions?

Transactions will be paid up to your OPA limit.

Everyday and recurring automatic debit card transactions will be declined.

 

If a merchant fails to seek authorization for the full amount, the debit card transaction will be paid without a fee.

 

Other transactions will be paid up to your OPA limit.

Everyday debit card transactions will be declined.

 

If a merchant fails to seek authorization for the full amount, the debit card transaction will be paid without a fee.
How do I sign up?

Please log into RCU online and click the Member Services tab and Overdraft Pay Advantage.

www.redwoodcu.org

Please log into RCU online and click the Member Services tab and Overdraft Pay Advantage.

www.redwoodcu.org

Please log into RCU online and click the Member Services tab and Overdraft Pay Advantage.

www.redwoodcu.org