Overdraft Options
For members who prefer not to use discretionary overdraft coverage, these alternatives automatically transfer funds to cover overdrafts:
Covers overdrafts caused by:
You can opt in or out of Extended Courtesy Pay at any time by messaging a team member in MyPelican.
Courtesy Pay Limits
Your courtesy pay limit depends on your account type as well as your deposit and loan activity with Pelican.
Account Type
Without Monthly Deposits
With Regular Deposits
With Direct Deposit ($1,500+ net)
Horizon Checking
$300
$300
$300
Stack Account
$200
$500
$1,000
Cash Back
$200
$500
$1,000
Business Basic Checking
$1,000
$1,000
$1,000
Tips for Preventing Overdrafts
Regularly reconciling your bank statement with your check register can help you avoid overdraft and courtesy pay fees.
A few habits that help:
Pelican Teller (1-800-351-4877) is available 24/7 to check balances by phone.
