Overdraft Options | Arise Financial

Automatic Transfer

Let your own savings cover the shortfall.

Link an eligible Arise savings account to your checking account. When your checking account has insufficient available funds, money can transfer automatically from your linked savings account to cover the transaction.

No fee for automatic overdraft transfers
Your linked savings account must have sufficient available funds to cover the full transaction
Account owners and signers must match on linked accounts
Checks, ACH payments, automatic bill payments, debit card purchases, and ATM withdrawals, subject to sufficient available savings funds
Contact us at info@arisefi.org, call (800) 562-7328, or visit a branch to enroll

Key details

Service Fee No transfer fee
Transfer Trigger Insufficient funds in Spending or Checking Account
What it Covers Eligible checking transactions, subject to available savings funds
How to Enroll Email, Phone, or in-branch

Overdraft Line of Credit

No access fee. Just use a revolving line of credit when you need it.

An approved Overdraft Line of Credit can automatically cover checking account shortfalls, up to your available credit limit. There is no fee each time the line is accessed, but interest applies to the amount borrowed.

Subject to credit approval
Coverage is limited to your available credit
No fee each time the line is accessed
Interest applies to borrowed funds
Checks, ACH payments, automatic bill payments, debit card purchases, and ATM withdrawals, subject to available credit
Apply online, email info@arisefi.org, call (800) 562-7328, or visit a branch to apply

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Key details

Service Fee No fee each time the line is accessed
Interest Applies to the outstanding balance, just like any revolving credit line
Coverage Checks, ACH payments, automatic bill payments, debit card purchases, ATM Withdrawals
Account Requirement Account owners and signers must be the same on all linked accounts

What exactly is an overdraft?

An overdraft occurs when there isn’t enough money in your account to cover a transaction, but the credit union pays it anyway. You must repay the overdrawn amount and any applicable fees.

What's the difference between my actual balance and my available balance?

Your actual balance reflects posted deposits and payments. Your available balance accounts for holds on deposits and authorized pending transactions. Arise uses your available balance to determine whether a transaction will overdraw your account. Keep track of checks and scheduled payments that may not yet appear in your balance.

How much is the standard overdraft fee?

Our Consumer Fee Schedule lists a $19 paid-overdraft fee. NSF/uncollected funds fees are $19, or $14 for senior citizens. Automatic Transfer from Savings has no transfer fee. An Overdraft Line of Credit has no access fee, but interest applies to borrowed funds. See our Consumer Fee Schedule for details.

Does overdraft coverage guarantee that a transaction will be paid?

No. Coverage depends on the service you have, available funds or credit, and applicable account terms.

Is the Automatic Transfer from Savings service really free?

Completely free. When we transfer funds from your Arise savings account to cover a checking or spending shortfall, there are no fees involved on either end. It's one of the most straightforward financial safety nets out there, and it doesn't cost you a thing to use it.

What's the difference between Automatic Transfer from Savings and an Overdraft Line of Credit?

With Automatic Transfer from Savings, money moves from your own savings account to cover any gap at no cost to you. With an Overdraft Line of Credit, we extend you a revolving credit line that automatically steps in when your checking balance runs short. There's no fee to access it, but interest applies to whatever balance you carry, just like any revolving credit.

How do I sign up?

It's straightforward. For Automatic Transfer from Savings, email us, give us a call, or stop into any Arise branch and we'll take care of it. For the Overdraft Line of Credit, you can apply online, by phone, or in person. Either way, the process is quick and we'll walk you through every step.

Are there any account requirements I should know about?

Yes, for both the Automatic Transfer from Savings and the Overdraft Line of Credit, the account owners and signers need to be the same across all linked accounts. If you've got questions about your specific situation, we're always happy to talk it through.

Overdrafts happen. But we’ve got you covered.

Let your own savings cover the shortfall.

No access fee. Just use a revolving line of credit when you need it.

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