Overdraft Coverage Options



Overdraft Transfer¹

$4 fee per transfer (Advantage and Premier Checking - no charge)

Overdraft Line of Credit Loan¹ ²

Subject to interest

Courtesy Pay¹

$29 Courtesy Pay Fee per item

1 Call us at (570) 342-2720, Send a secured message through Online Banking, or come by a branch to sign up or apply for these services; 2Subject to credit approval.
Overdraft Transfer and Overdraft Line of Credit Loan applies 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 Penn East Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.
Courtesy Pay allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Transfer and/or an Overdraft Line of Credit Loan, Courtesy Pay is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know” section on the bottom of this page for other important information.

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Coverage Comparison Table

Transactions Covered with Courtesy Pay

Standard Coverage (No action required)

Extended Coverage (Your consent required on consumer accounts)*


ACH-Automatic Debits

Recurring Debit Card Transactions

Online Bill Pay Items

Online Banking Transfers

Telephone Banking

Teller Window Transactions

ATM Transactions


Everyday Debit Card Transactions


If you would like to select Extended Coverage for future transactions, call us at 570.342.2720, visit any branch, complete a consent form by clicking the link below and mail it to us at 441 North 7th Ave. Scranton, PA 18503, or by sending a secured email through online banking.
*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 coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.

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Important Notes
A link to another account or a line of credit may be a less expensive option than an overdraft. A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts. Good account management is the best way to avoid overdrafts. Use our mobile banking, online banking, and telephone banking services to keep track of your balance. For additional financial education resources, please visit mymoney.gov.

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