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Pen fed overdraft LOC

Valued Contributor

Pen fed overdraft LOC

Does anyone know if they do a HP for the overdraft protection? 

 

Since I am having such a time with DCU and my mishap with NFCU , I also have PenFed and didn't really consider them for our primary banking needs but went online today to open a checking account and it offered the overdraft. So I figured I will have this account on the back burner until we decide what CU we are primarily gone to deal with.

 

I realize they have stipulations  to wave the fee but I will avoid that having my DD sent to them.

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6 REPLIES
Senior Contributor

Re: Pen fed overdraft LOC

If you have a recent HP from a recent product with them, within 30 days no.

 

If you don't have a recent HP then yes, it will be a HP.

Message 2 of 7
Valued Contributor

Re: Pen fed overdraft LOC

Thanks Yes it has been less than 30 days I believe.
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Senior Contributor

Re: Pen fed overdraft LOC


@Jnbmom wrote:
Thanks Yes it has been less than 30 days I believe.

If I were you, I would call and make sure it's been less than 30 days and make sure they will use the same HP. Don't assume they will. Better be safe than sorry.

Message 4 of 7
Valued Contributor

Re: Pen fed overdraft LOC

Thanks I will check report and see when they pulled for sure
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Valued Contributor

Re: Pen fed overdraft LOC

Thanks they pulled March 19 so I think I am okSmiley Happy
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Valued Contributor

Re: Pen fed overdraft LOC

Still, call them and apply for the LOC over the phone to ensure they use the old HP, there is no guaranteed if you apply online.
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