Overdraft transfers
Avoid account overdraft fees. Use your credit card to make sure your account isn't overdrawn.
End of overdraft transfer service
Starting November 23, 2025, you can no longer sign up for overdraft transfers. Current users will have access to this service until March 28, 2026.
Protect your account from overdrafts
An overdraft transfer uses cash advances from your credit card to protect your account.
- No sign up fees, monthly fees or transaction fees
- Automatic transfers to cover overdrafts
- No additional credit application required
- Easy to quickly add the service to your account
What's an overdraft?
An overdraft occurs when your account balance is less than 0. For example, if a $1,500 preauthorized withdrawal is debited from your account when the balance is $1,000, your account is then overdrawn by $500.
If there aren't sufficient funds in your account, the following transactions can lead to an overdraft:
- Payments by cheque
- Bill payments
- Direct payments
- Loan repayments at a caisse
2 - Withdrawals
- Direct withdrawals (pre-authorized payments automatically withdrawn from your account)
- Transfers between accounts
What's an overdraft transfer?
Overdraft transfer lets you link your account to your credit card. This means that, if your account is overdrawn, a cash advance from your credit card automatically brings the balance back to zero.
By signing up for this service, you avoid the inconveniences of being low on funds and having to pay account overdraft fees, such as fees for:
- NSF cheques
- Funds transfer from a Desjardins caisse to cover the overdraft
Good to know
- Interest charges on cash advances start on the day of the transfers.
- NFS cheques and late payments can negatively impact your credit rating.
Interest rates
Your credit card's interest rate applies to cash advances used for overdraft transfers.
With this in mind, consider a low interest card, such as the Flexi Visa*.
How it works
If your account is overdrawn, a cash advance on your credit card automatically covers your account. This amount is added to your credit card balance.
Eligible accounts
You can link all your eligible everyday accounts (personal or joint)
All your overdraft transactions are on your monthly statements.
Maximum amount
Up to $5,000
Repayment
You can pay off your balance at any time at an ATM or on AccèsD.
How to get the overdraft transfer service
To get the overdraft transfer service, you need a web browser. The mobile app doesn't have this feature.
- Log in to AccèsD.
- Select More options in the right-hand menu.
- Select Overdraft protection.
- Select Overdraft transfer.
- Select the account you want to link to your credit card.
- Select Add.
- Select the credit card you want to use for overdraft transfer.
- Select Validate, and then on Confirm.
FAQ
What can I do to prepare for when the overdraft transfer service ends?
Assess your financing and account management needs. Consider using the same account for all your transactions to make it easier to track your finances and prevent oversights. Doing this provides a better overview of where you stand and minimizes your risk of overdraft.
With the phasing out of overdraft transfers, what can I do to protect my account against insufficient fund charges?
To make sure your account doesn’t have insufficient funds, activate the Insufficient funds and Minimum balance reached alerts in our mobile and online services.
You can also get a line of credit that’s right for you. Use it to cover a payment or a withdrawal if you don’t have the funds you need in your account.
Why is the overdraft transfer service being phased out?
As we modernize our systems, we’re reviewing our range of products and services to make them even more user-friendly, accessible and tailored to member and client needs.
How do I opt out of the overdraft transfer service?
To opt out of this service, you have to use a browser. The mobile app doesn’t have this feature.
- Log in to AccèsD.
- Select More options in the right-hand menu.
- Select Overdraft protection.
- Select the account linked to your credit card.
- Select Delete
- Select Confirm.
How do I increase my overdraft protection limit?
The overdraft transfer service is linked to your credit card. Your overdraft limit is actually your credit card limit.
To increase this limit, you have to apply for a credit limit increase in AccèsD.
- Log in to AccèsD.
- Select your credit card.
- Select Manage card.
- Select Manage account.
- Under Account management, choose Increase credit limit in the left-hand menu.
Keep in mind that the daily limit for overdraft transfers is $2,500 or $5,000, depending on your credit card and regardless of your credit card limit.
Can I use the overdraft transfer service if I have a line of credit?
No. You can't add the overdraft transfer service to an account that has a line of credit. If your account is overdrawn, your line of credit is used to bring the balance to zero.