Courtesy Pay Page 1

Bouncing a check no longer has to be an embarrassing incident! If you write a check and do not have enough funds to cover it, in addition to an NSF fee from us, you may face:

* Making the check good with the retailer

* Retailer/merchant fee

* Potential damage to your credit rating

* Embarrassment and aggravation

We understand this and want to help. That is why we are making a discretionary Courtesy Pay program available to our members.

You do not have to sign up for the service—it's automatic—and it costs you nothing unless you use it! As long as you maintain your account in good standing, we will consider payment of your reasonable overdraft instead of returning it as a non sufficient funds item.

With Courtesy Pay, your check, ATM, or ACH transaction may* be covered by your Edco and you will be charged the same NSF fee you would have been charged if the item were returned.

You will be sent a notice of non-sufficient funds and will be required to bring your account to a positive balance within 30 days.

It’s That Simple!

Please, always manage your finances responsibly, and know that if you have an occasional overdraft, our Courtesy Pay may help.

What is Courtesy Pay?

Courtesy Pay is a non-contractual courtesy that we provide to our members with share draft (checking) accounts. We may* cover insufficient fund checks, ATM withdrawals, electronic funds transfers, or other payment / withdrawal requests up to your approved limit.

That means that instead of returning a check to the merchant, the Credit Union may pay your check up to your $300 limit, saving you additional charges from the merchant or a collection company. We will charge our normal NSF fee for each item, and send you a notice each time an overdraft occurs.

How do I sign up?

You do not have to sign up for this privilege as long as your account meets the requirements of our Courtesy Pay policy. We may cover insufficient fund checks, electronic funds transfers, or other payment/withdrawal requests up to your approved limit.

How can Courtesy Pay benefit me?

Courtesy Pay may save you the embarrassment and expense of a returned check when you make an honest mistake in your checkbook, have unplanned expenses, or run short on cash between paydays. Instead of returning checks unpaid, we may automatically pay them for you, up to $300.