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Pen fed overdraft LOC

Established 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.

Penfed gold 10k Penfed Promise 10K Home depot 7K Wayfair 8500 Macys 5K Amazon prime 6000 Walmart 6000 Citi simplicty 2800 NFCU rewards 2500 Discover 1500 AMEX 1000 AMEX hilton 1000
FICO 8 TU 724 EXP 724 EQ?
Message 1 of 7
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.

Citi DC $7900- AMEX BCP $9000- NFCU Platinum $10000 PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- State Farm GN $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Care Credit $20000- Discover Miles $21000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 5/27/18** EX- 737(12) TU- 753(11) EQ- 730(14) UTI 17%- Clean Files- No AU Accounts.
Message 2 of 7
Established Contributor

Re: Pen fed overdraft LOC

Thanks Yes it has been less than 30 days I believe.
Penfed gold 10k Penfed Promise 10K Home depot 7K Wayfair 8500 Macys 5K Amazon prime 6000 Walmart 6000 Citi simplicty 2800 NFCU rewards 2500 Discover 1500 AMEX 1000 AMEX hilton 1000
FICO 8 TU 724 EXP 724 EQ?
Message 3 of 7
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.

Citi DC $7900- AMEX BCP $9000- NFCU Platinum $10000 PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- State Farm GN $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Care Credit $20000- Discover Miles $21000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 5/27/18** EX- 737(12) TU- 753(11) EQ- 730(14) UTI 17%- Clean Files- No AU Accounts.
Message 4 of 7
Established Contributor

Re: Pen fed overdraft LOC

Thanks I will check report and see when they pulled for sure
Penfed gold 10k Penfed Promise 10K Home depot 7K Wayfair 8500 Macys 5K Amazon prime 6000 Walmart 6000 Citi simplicty 2800 NFCU rewards 2500 Discover 1500 AMEX 1000 AMEX hilton 1000
FICO 8 TU 724 EXP 724 EQ?
Message 5 of 7
Established Contributor

Re: Pen fed overdraft LOC

Thanks they pulled March 19 so I think I am okSmiley Happy
Penfed gold 10k Penfed Promise 10K Home depot 7K Wayfair 8500 Macys 5K Amazon prime 6000 Walmart 6000 Citi simplicty 2800 NFCU rewards 2500 Discover 1500 AMEX 1000 AMEX hilton 1000
FICO 8 TU 724 EXP 724 EQ?
Message 6 of 7
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.
Message 7 of 7