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Kwik Cash Overdraft Protection

Q: How does Kwik Cash overdraft protection work?

If a transaction would cause your checking account balance to go below zero and you have available Kwik Cash funds, the line of credit automatically transfers funds in $100 increments to bring your account back above zero. No action is required from you for the transfer to occur.

Q: How much does Kwik Cash overdraft protection cost?

There is no fee to have Kwik Cash overdraft protection. You only pay interest on the amount you use, which is typically less expensive than paying insufficient funds fees.

Q: Can I access Kwik Cash funds for purposes other than overdraft protection?

Yes. You can access available Kwik Cash funds at any time through online banking, the mobile app, by phone, or at a Royal Credit Union office by transferring funds to your checking or savings account. This makes it useful beyond overdraft protection.

Q: Can Royal’s Kwik Cash help build my credit score?

Yes. Kwik Cash can help build your credit history because it is reported to credit bureaus monthly. Even if you do not carry a balance, consistent reporting of on-time activity may help improve your credit score over time.

Overdraft protection pairs with your checking account to help prevent overdraft charges

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Kwik Cash overdraft protection is a line of credit that automatically transfers money to your checking account if the balance goes below zero. This smart account feature can save you time and money.

How Overdraft Protection Works

Kwik Cash is a line of credit that you can use to cover your checking account if you overdraw.
If you have available Kwik Cash funds, they will automatically be transferred to your checking account in $100 increments to bring the balance above $0.
There is no charge for having or using Kwik Cash besides the interest on the amount you use.
This means Kwik Cash overdraft protection is usually much less expensive than an insufficient funds charge.

Access Kwik Cash Funds Any Time

As an added benefit, you can advance available Kwik Cash funds at any time through online banking, our mobile app, by phone, or at an office.
To advance Kwik Cash funds from online banking or our mobile app, simply make a transfer from your Kwik Cash account to your Royal checking or savings account
Kwik Cash can be used as a short-term loan or temporary source of emergency cash, and is a much more affordable alternative to payday lending or title loans.

Current Overdraft Protection Rate

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Frequently Asked Questions

What is Kwik Cash overdraft protection at Royal Credit Union?
Kwik Cash overdraft protection is a line of credit that automatically transfers money to your checking account if the balance goes below zero. It acts as a safety net for your checking account, helping you avoid costly insufficient funds charges when unexpected transactions push your balance into the negative.

How does Kwik Cash overdraft protection work?
If a transaction occurs that would cause your checking account balance to go below zero and you have available Kwik Cash funds, they will automatically be transferred to your checking account in $100 increments to bring the balance above $0. You don't need to take any action for the transfer to happen.

How much does Kwik Cash overdraft protection cost?
There is no charge for having or using Kwik Cash besides the interest on the amount you use. This means Kwik Cash overdraft protection is usually much less expensive than an insufficient funds charge.

Can I access Kwik Cash funds for purposes other than overdraft protection?
Yes. As an added benefit, you can advance available Kwik Cash funds at any time through online banking, the mobile app, by phone, or at an office. To do so, simply make a transfer from your Kwik Cash account to your Royal checking or savings account. This makes Kwik Cash a versatile tool beyond just overdraft protection.

Can Royal’s Kwik Cash help build my credit score?
Kwik Cash can be a valuable tool for building your credit history. Even if you do not use your Kwik Cash or owe a payment, it is still reported to the credit bureaus each month as an on-time payment. This consistent positive reporting helps build your credit score over time, making Kwik Cash a smart option for Members who want to strengthen their credit while also having the peace of mind of overdraft protection on their checking account.