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Overdraft protection

Cover your caisse Personal Chequing Account (PCA) or any other eligible account if there are insufficient funds in your account, using your VISA Desjardins card.

Features

How it works	Once you add the overdraft protection to your account, the transactions that exceed your account balance are still authorized. A cash advance on your VISA Desjardins card1 automatically covers your account at the end of the business day.
Who is this for?	For members who want: to avoid account overdraft charges and the inconveniences of a temporary lack of funds; more leeway in managing their personal finances.
Advantages	Avoid account overdraft charges and the inconveniences of a temporary lack of funds in your account. No sign up fees, no monthly fees and no transaction fees. Interest charges on your VISA Desjardins card cash advance are lower than NSF charges. Helps maintain your credit rating, which financial institutions check when you apply for a loan.
Eligible accounts	The following individual and joint accounts2 are eligible for overdraft protection3 regardless of the caisse where they were opened: Personal Chequing Account Build-Up Savings Account (Canadian currency only) High-Yield Account Distinctive Account Student STRATEGIC Account Desjardins Youth Profit Account
Eligible transactions	The service is like a safety net when you make the following transactions: cheques bill payments direct payments loan payments at your caisse4 withdrawals direct withdrawal (automatic preauthorized withdrawals in your account) transfers between 2 accounts Any transactions associated with your account overdrafts are listed on your monthly statements.
Balance	The amount of the cash advance used to cover your overdraft will be added to your VISA Desjardins card. You can pay the balance any time at an ATM, on AccèsD Internet or AccèsD Telephone, or at your caisse.
Maximum amount permitted	Corresponds to the authorized credit limit on your VISA Desjardins card at the time the advance is required, and to a maximum of $5,000 per day.
Interest rate	Cash advances are subject to the same interest rate as your VISA Desjardins card. If you think you won't be able to pay the balance of your VISA Desjardins card, apply for a low interest rate card to reduce your interest charges.
Flexibility	You can add or opt out of the service at any time.

Here's how

	By phone	Montreal area: 514-CAISSES (514-224-7737) Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)
	At the caisse	Make an appointment with a caisse advisor: online by phone

 Certain conditions apply.

1. Subject to available credit limit.
2. Certain accounts cannot be linked to a VISA Desjardins card.
3. Accounts held in a Desjardins caisse only.
4. To make loan payments with the overdraft protection, you must first contact your caisse to make the required changes to your file.