Flexible limits for checking accounts
Courtesy Pay is a service that allows us to pay an item presented for payment against your checking account even if it causes the account to become overdrawn. This may include checks, ACH, ATM withdrawals, PowerCheck (Debit Card) and Bill Pay transactions. Members must opt-in to Courtesy Pay coverage for Debit/ATM transactions. Simply call us or visit a local branch.
Courtesy Pay may provide certain accountholders in “good standing” with the ability to overdraw their Personal Checking Account up to the Courtesy Pay limits based upon account type below:
If your account is in good standing, defined as: A) Your checking account has been open for at least 30 days; B) You make regular deposits sufficient to cover transactions; C) You bring the account to a positive balance at least once every thirty days or less; D) There are no legal orders outstanding on your account, and E) You do not have any loans with us that are more than 30 days past due, then we may, at our sole discretion, pay overdrafts up to the limits mentioned above, including our normal Non-Sufficient Funds or Courtesy Pay charge(s). Whether we pay or return an item, your account will be assessed a fee of $30.00, either as a Courtesy Pay charge or a Non-Sufficient Funds charge but you will not be charged both fees.
Courtesy Pay offers additional flexibility and convenience in managing accountholder funds, and provides peace of mind knowing that items may be paid up to the authorized overdraft limit.
This non-contractual courtesy of paying overdrafts requires no account holder action. It is not a loan. The only requirement is that you need to bring your account balance to a positive level at least once every thirty days or less. No additional agreements need to be signed, and it costs nothing unless the privilege is used by initiating checks, electronic funds transfers, or other payment or withdrawal requests for more than is on deposit in the account. If you maintain the account in good standing and have need for this “courtesy”, we may, at our sole discretion, pay the item(s) up to the authorized limit, and we will charge the account our normal Non Sufficient Funds or Courtesy Pay charge for each item that overdraws the account. We will send you a notice each time an overdraft occurs.
Although you are not charged for using Courtesy Pay unless you have an overdraft, you may opt-out of Courtesy Pay at any time. If you receive a direct deposit of your monthly Social Security payment into your checking account or for any other reason do not want Courtesy Pay eligibility, you must advise us to stop us from paying your overdrafts with these funds. You must advise us of your decision to opt-out in writing.
If you have established other overdraft protection methods, such as a line of credit or automatic transfer from your other accounts, we will always look to pay any overdraft by those other methods first before paying your overdraft utilizing Courtesy Pay and imposing a Courtesy Pay fee for each overdraft we pay.