Our Kwik Cash loan is a revolving line of credit that will “kick in” if you choose to have your overdraft protection structured this way. If an overdraft occurs, we will automatically transfer funds from your Kwik Cash loan to your checking account to cover the overdraft. You will then be responsible for paying off the balance on the Kwik Cash loan plus interest.
Often, members will have a savings account as the first backup for funds, and then use a Kwik Cash line of credit next. However, if funds are transferred from your savings account first, but there is not enough money to cover the overdraft and an additional transfer is made, an additional fee* will be charged.
*See Overdraft and Overdraft Fees disclosure for more details.