Courtesy pay is a service we provide to protect our members from inadvertently overdrawing a checking account. Even if there is a shortage of funds in your account, courtesy pay may cover your transaction and prevent the hassle of declined transactions or bounced checks. It also helps avoid costly returned item fees charged by merchants and retailers.
We understand that mistakes happen, that’s why we offer courtesy pay protection. The fee for this service is $25 per transaction. We don’t think, however, that you should pay $25 for your morning cup of coffee in the event that you accidentally overdraw your account. As a non-profit financial institution, we want to offer you the most convenient, least expensive option to manage your money. That’s why we’ve adjusted the fee to allow our members a complimentary $5 overdraw amount.
That means, if you overdraw your account for an amount of $5 or less, we will cover that amount and won’t charge you a fee. We think that is part of the credit union difference and we hope you agree.
Read more about courtesy pay in our Frequently Asked Questions (FAQs) or call a member service representative at (888) 858-6878.
by Jenna, Vice President, Operations