Get Sb1 Courtesy Pay Information Sheet And Debit Opt-in Form

Unlike traditional lines of credit, non-contractual overdrafts do not require individual underwriting or written agreements. This service, which is often referred to as bounce protection or courtesy pay, charges members a per item fee for honoring drafts or other transactions that overdraw a share account.

In the event that there's not enough money available in your account to cover a transaction, courtesy pay may cover your transaction for a fee. This prevents the hassle of declined transactions or bounced checks. It also helps avoid costly returned item fees and/or late fees charged by merchants and retailers.

Because courtesy pay is essentially a credit union's form of overdraft protection, you should be able to follow the same steps for a courtesy pay refund as you would for an overdraft fee refund from any other bank.

Here is how Courtesy Pay works for you: If you write a $100 check, we will charge your account a fee for writing a check with insufficient funds. This fee is currently $30. The check will then be returned. In most cases, the establishment that you wrote the check to will require you to redeem the check.

In the event that there's not enough money available in your account to cover a transaction, courtesy pay may cover your transaction for a fee. This prevents the hassle of declined transactions or bounced checks. It also helps avoid costly returned item fees and/or late fees charged by merchants and retailers.

The Courtesy Pay is a service you may already have on your checking account allows us to cover your insufficient funds items on debit card purchases, point-of-sale (POS) transactions, ATM withdrawals, checks and ACH transactions, up to the approved limit.

You must have a checking account and be a member in good standing to be covered by Courtesy Pay overdraft protection. An account in good standing must meet the following criteria: no charge-offs, no loan delinquencies of more than 30 days, no full restrictions on the account and your correct address must be on file.

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 (share drafts), ACH, in-person withdrawals, ATM withdrawals, debit card and Bill Pay transactions.