Overdraft Line of Credit

Avoid bounced checks, refused transactions,
& non-sufficient fund fees


A line of credit that covers you if you spend more than your checking account balance
Coverage kicks in automatically when you overdraw your account1
Interest Only if Used
Pay no interest until you actually need to use your line of credit
Shield With coins symbolizing protection

Bank Better with an Overdraft Line of Credit

  • We all know the unexpected happens sometimes. If you accidentally overdraw from your checking account, this line of credit has your back
  • We’ll help you decide on an appropriate credit line amount, considering your finances
  • The perfect companion to your Go Green Checking account
  • Set up account alerts to get information on balances and all of your account transactions2

Resource Center

8 Tips To Prevent Overdraft Fees

Did you know that over 39 million American adults reported paying at least one overdraft fee within a 12-month period? Let’s be honest, everyone wants to avoid extra fees if they can. In this blog post we are going to dive into why these fees occur and how to prevent them.

Preventing Overdraft Fees (Online Course)

What happens when you look at your account and you see a negative balance? Don’t worry! Let’s learn more about why these fees occur and how to prevent them.

Your Overdraft protection is great. It has saved our house & car during the medical crisis we have faced for 5 years. Thank you!
A Coastal Member

Frequently Asked Questions

The primary savings is considered the membership account which provides our members with voting rights at the credit union and will always need to remain open and active as long as there are share products or loan products listed under the membership account.
You have several options to make principal-only payments. These options exclude VISA®️ Credit Cards. In order to process any of the principal-only payment options, your regularly scheduled payment must be made first. You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will be applied to the principal. The regular payment and the extra amount must be applied on the same date with this option.

If you have already made your regular payment and want to make a principal payment, you can:
  1. Send a secure message through our online banking system requesting a principal-only payment be made.
  2. Visit a branch and make a principal-only payment at the personal teller machine (PTM).
  3. Mail in a check to: Coastal Credit Union, Attn: Payments, P.O. Box 58429, Raleigh, NC 27658-8429. When mailing a check for principal payments, clearly indicate in the memo section of the check, "PRINCIPAL ONLY" and the account number. Any payment applied as principal and interest, that is not notated "PRINCIPAL ONLY", cannot be reversed and reapplied later.
Please email [email protected] with any questions.
Yes, if you wish to add more funds to your loan or increase it in anyway a new application will need to be submitted
Coastal only issues 1098 Mortgage Interest Statements for accounts that paid $600 or more in interest during the calendar year. The exact amount of interest paid on your mortgage loan is listed on your December statement.
A physical letter in the mail will be sent to them or they will get a pre-approval email generated by the loan officer or they will get it from both.

All lines are subject to approval.

1. The initial rate may vary and is determined by credit qualifications, amount financed, and collateral, and the annual percentage rate is variable and may change after account opening.  There are no origination fees, transfer fees, nor a penalty to payoff your line of credit early.  

2. Valid mobile phone number required. Data and other wireless carrier charges may apply.

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