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Life happens! Merrimack Valley Credit Union (MVCU) and Bridgewater Credit Union, a division of Merrimack Valley Credit Union (BCU), understand that unexpected overdrafts occur from time to time - Overdraft Coverage can help.

Overdraft Coverage Options

The choice is yours. Consider these ways to cover overdrafts:

Service Cost
Preauthorized Overdraft Transfer
A link to another Deposit Account you have at Bridgewater Credit Union1
Free, subject to transaction limitations if it is a savings or money market account. 
Safeguard Overdraft Line of Credit1,2 Subject to fees + interest and credit approval. 
Discretionary Overdraft Privilege $25 Insufficient Fund Fees (CP Draft or CP ACH) per item and $20 Insufficient Funds Fees CP ATMPOS per item ($5 Insufficient Funds Fee (CP Draft, CP ACH, or CP ATM/POS) for account holders 19 years of age or younger and account holders over 65 years of age). 

1Call us at (800) 356-0067, or come by a branch to sign up or apply for these services; 2Subject to credit approval.

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at MVCU or BCU for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.

The Discretionary Overdraft Privilege allows you to overdraw your account up to the disclosed limit in order to pay a transaction. You will just incur the standard Insufficient Funds Fee (NSF Draft or NSF ACH) when this occurs. Even if you have overdraft protection, the Discretionary Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.

Overdraft Line of Credit is a line of credit connected to your checking account to cover overdrafts. Instead of being charged an NSF fee or return item fee from another bank the money is transferred from the Safeguard line of credit to the checking account. Lines are available from $500-$5,000. APR=18.00%. There is a $15 annual fee for the Safeguard Checking.

Transactions Covered with the Discretionary Overdraft Privilege

Standard Coverage
(No action required)

Extended Coverage
(Your consent required on consumer accounts)*

Checks X X
ACH- Automatic Debits X X
Recurring Debit Card Payments X X
Online Bill Pay Items X X
Internet Banking Transfers X X
Telephone Banking X X
Teller Window Transactions X X
ATM Withdrawals   X*
Everyday Debit Card Transactions   X*

If you would like to select Extended Coverage for future transactions:

*If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.


You can discontinue the Overdraft Privilege in its entirety by contacting us at (800) 356-0067.

Courtesy Pay will be activated upon completion of a 90 day probation period and review of your account.

**If you carry a negative balance for more than 30 days, we reserve the right to remove Courtesy Pay from your account.
***ATM transactions and debit card transactions required extended coverage.  Member is required to opt in.
****Upon reaching the transaction limit of 6 automated transfers per month set by Regulation D, Courtesy Pay will be activated.

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