cancel
Showing results for 
Search instead for 
Did you mean: 

PenFed Checking Account Overdraft question

tag
SouthJamaica
Mega Contributor

Re: PenFed Checking Account Overdraft question


@Anonymous wrote:

I was approved for a $500 overdraft protection on my checking account. Does this get reported as a trade line?


Yes it is reported as a revolving line of credit.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 11 of 14
SouthJamaica
Mega Contributor

Re: PenFed Checking Account Overdraft question


@mrldp40 wrote:

i gpt 500 line also but confused on how to use it ,any info is appreciated thanks


Since it's only $500 I don't 'use it' at all; I just let it sit there in case I make a mistake causing an overdraft.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 12 of 14
NC84
Regular Contributor

Re: PenFed Checking Account Overdraft question

So if I go to the ATM and have $500 in my checking account and withdrawl $550... it will pull $50 from the overdarft line of credit? 

Message 13 of 14
mrldp40
Established Contributor

Re: PenFed Checking Account Overdraft question


@NC84 wrote:

So if I go to the ATM and have $500 in my checking account and withdrawl $550... it will pull $50 from the overdarft line of credit? 


i dont really know ive asked on here and have sent penfed numerous messaged and calls .lol still not sure how to use it

ready to start a rebuild ex 533 eq 518 tu 541
inquiries EQ 2 EX 0 TU 1 multiple charge off current card green dot secured 500
Message 14 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.