What are the fees associated with overdraft protection at BECU?

Boeing Employees Credit Union, commonly referred to as BECU, offers several services related to overdraft protection, and understanding the associated fees is vital for members. Overdraft protection is a safeguard that helps manage account balances, preventing checks or transactions from bouncing due to insufficient funds. BECU typically provides two main options for overdraft protection: transferring funds from a linked savings account and utilizing a line of credit. When using the option of transferring funds from a linked savings account, BECU usually does not charge a fee for the transfer. This method can be a helpful way to cover any shortfall in your checking account without incurring additional costs. On the other hand, if an automatic transfer is not set up or if the account is linked to a line of credit for overdraft protection, there could be fees associated with borrowing from that line. The specific charges may vary depending on the terms of the credit line and any outstanding balance. Members should review the current terms and conditions or consult the BECU website to find accurate and detailed information about potential fees when utilizing overdraft protection. It is always recommended to keep an eye on your account balance and to understand the features of your specific account. For more precise information regarding fees and any updates that may have occurred after my last training data in October 2023, it may be worthwhile to check the relevant section on the BECU web page.