Courtesy Pay Page 2

How does Courtesy Pay work?

When we receive an item for payment that causes the balance in your account to go below zero, we may, as a courtesy, pay the check or debit up to $300 including the overdraft fee. You must bring your account into a positive balance within 30 days.

Is Courtesy Pay a loan?

No. It is a service provided by the Credit Union to help you manage your money. This service can be withdrawn at any time by the Credit Union.

How will I know if I use my Courtesy Pay?

We will mail a notice notifying you when you have activated your Courtesy Pay and overdrawn your account. We'll send reminder letters advising you of your overdraft until you bring your account up to a positive balance.

What if I go over my Courtesy Pay limit?

If you exceed the Courtesy Pay limit, any additional items will be returned or declined when presented for payment.

Is there a charge for Courtesy Pay?

We will charge our standard overdraft fee ( NSF fee ) of $25.00 per each overdrawn item as described in our Courtesy Pay Policy. The schedule of charges is also listed in the Rate & Fee Schedule. Don ’ t forget to subtract any fees from your checkbook balance.

How long do I have to bring my account to a positive balance?

You should bring your checking account to a positive balance as soon as possible. You have 30 days maximum to pay any overdraft and associated fees. However, depending on the situation, we can ask for repayment at any time. Any deposit you make or is made automatically will first be applied to any overdrawn balance and associated fees.

What happens if I can't bring my account to a positive balance?

You have up to 30 days to bring your account to a positive balance. If you still have a negative balance at that time, your Courtesy Pay will be suspended or revoked until the account is returned to good standing, regardless if you've reached the $300 limit or not. If your account balance is negative for 30 days, you could lose checking privileges at this institution.

What Can Courtesy Pay Mean to You?

Some of us occasionally find ourselves a little short on funds. If something like this happens to you, Courtesy Pay may save you the embarrassment, time and hassle.

A Mistake in Your Checkbook

You forget to make an entry in your checkbook and your balance is off. If the mistake results in an overdraft, your overdraft may be covered.