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

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Sb1 Courtesy Pay Information Sheet and Debit OptIn Form What You Need to Know about Overdrafts and Overdraft Fees An overdraft occurs when you do not have enough money in your checking account to.

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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.

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.

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.

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.

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.

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.

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.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232