There are two types of Courtesy Pay protection. One type allows you to overdraw your account by check or electronic payments (ACH) and bill pay transactions and is automatically set up when you open your checking account. The other type allows you to overdraw your account by ATM or debit card transactions. Due to government regulation, you must opt-in to receive this additional coverage on your account. You can opt-in online in two clicks.
If your account is in good standing, Courtesy Pay allows you to overdraw your account, up to your Courtesy Pay limit, to clear checks, bill payments, ATM or debit card transactions when there are not sufficient funds available in your checking account. The Courtesy Pay fee is per item when you overdraw your account. In the event of an ATM or debit card transaction, we will not decline your transaction at the point of sale. In the event of check, electronic payment (ACH) or bill payment, we will not return the item to the merchant, so you avoid being assessed a returned item fee. Repayment is required within 30 days. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you are delinquent or in default in any other respect on any loan or other obligation. If the account remains negative for more than 30 days, we may suspend your account and initiate steps to recover the funds.
If you have designated overdraft protection account(s), we will attempt to transfer funds from the designated account(s) before we apply the Courtesy Pay service.