Lines of Credit

Overdraft Protection - PCA Lines of Credit

Overdraft protection will protect you from cheques being returned or help with short term need until payday. It is attached to your chequing account. Interest is calculated daily on your outstanding overdraft balance and charged monthly. The account must revolve monthly.

Note: There is no monthly fee if the account does not go into overdraft.

Personal Chequing and Current Accounts, Overdraft Fees

If you are not covered by our overdraft protection service, and we choose to process a debit which overdraws your account, or which exceeds (or further exceeds) your overdraft protection limit, the cost is a minimum overdraft interest charge of $3.00. There is an additional $4.00 charge for each item debited to your account, while the account remains in overdraft or over your overdraft protection limit. If Morell Credit Union chooses to allow one or more such withdrawals, it has no obligation to do so again at any time in the future.