For BayPort Credit Union business members in good standing, this valuable service provides peace of mind so you can focus on running your business.
- Authorize the automatic transfer* of funds from Business Line of Credit or Business Savings** account to cover checks you write
- Save money and avoid returned-check fees
- Save time and eliminate a trip to BayPort Credit Union
Apply for a Business Line of Credit or Business Savings account by calling 757.873.4045 or visiting one of BayPort Credit Union's convenient branch locations. We are committed to providing valuable loan options to our business members in the Tidewater and Hampton Roads, Virginia, area.
*To use your Overdraft Protection you must have funds available in your account/line of credit to cover the checks you write.
**Regulation D restricts savings transfers to six per month. A Line of Credit loan offers unlimited transfers up to your approved credit limit.
Most BayPort business members are eligible for Overdraft Privilege, which pays overdraft items up to $500 and eliminates the fee for non-sufficient funds. This service automatically covers checks, ACH, bill payment, ATM and debit card transactions without any effort on your part. There's no cost if you don't use it, and a fee of $30 applies each time you do.
Whether overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if an account is not in good standing, if the member is not making regular deposits, or if they have too many overdrafts. Each item presented will be assessed a paid non-sufficient fund (NSF) fee or a returned NSF fee if it is returned. You must make sufficient deposits to bring your account to a positive balance in order to avoid a daily fee of $5.00 if the account is overdrawn $75.00 or more.