Life happens — a forgotten transfer, a deposit delay, or an unexpected bill — and suddenly your checking account balance dips lower than you thought. Don’t worry — overdraft coverage is here to help. we offer two types of Overdraft Privileges to cover overdrafts: Overdraft Transfer and Courtesy Pay.
With Courtesy Pay, we may cover transactions when you don’t have quite enough in your account, saving you from the inconvenience and embarrassment of a declined purchase or returned payment.
Line of Credit – subject to credit approval, interest rate charges, and certain restrictions may apply.
1. Overdraft Transfer
How it works: If your checking balance is short, funds are automatically moved from your linked savings or share account.
What it covers: Checks, ACH, debit card, and other payments.
Fee: May vary by transfer; no Courtesy Pay fee applies.
2. Courtesy Pay – Standard
How it works: If no transfer is available, we may cover the shortfall—up to $500—to help prevent declined transactions.
What it covers: Checks, ACH, and recurring debit card payments.
Fee: $32 per overdraft we cover.
Eligibility: Available after 32 days in good standing.
3. Courtesy Pay – Extended
How it works: With your consent (opt-in), we may also cover everyday debit card purchases and ATM withdrawals.
What it covers: Everything in Standard + debit and ATM transactions.
Fee: $32 per covered transaction.
Opt-in: You can opt in or out anytime.
A Few Things to Know
- Not guaranteed. Courtesy Pay is a discretionary service — we may decline to cover an overdraft even if others have been covered in the past.
- Fees apply per occurrence. Each transaction paid by Courtesy Pay carries a $32 fee.
- Repayment matters. If you overdraw, bring your account back to a positive status as soon as possible to avoid problems or losing eligibility.
- Opting out is OK. You’re in control — if you prefer to have transactions declined rather than covered, you can opt out entirely (or opt out for debit/ATM coverage).
- We always try other options first. Before using Courtesy Pay, we’ll use overdraft transfers or other protection you’ve set up.
Why Courtesy Pay Can Be Helpful — and Risks
Pros:
- Helps prevent embarrassing declined transactions
- May save you from merchant fees for returned items
- Gives you a buffer in emergencies
Risks / things to watch out for:
- Frequent overdrafts can lead to high fees
- Using it long-term can be costly
- It’s not a substitute for budgeting or maintaining adequate balances
We encourage you to monitor your account balance regularly, enroll in alerts, and consider setting up linked overdraft transfers or an overdraft line of credit if available.