Courtesy Pay. In accordance with our commitment to provide valued service and benefits, we may, if you qualify, at our discretion, pay overdrafts that would cause your eligible checking account to have a negative balance up to the amount of your limit, which is determined by us in our sole and absolute discretion. Courtesy Pay is different than the Overdraft Transfer Service. Courtesy Pay is a backup to the Overdraft Transfer Service and will only be activated if funds are not available from the Overdraft Transfer Service.
Courtesy Pay. Courtesy Pay is offered as a courtesy to our members who qualify for this service. Do not rely on Courtesy Pay to pay your items. Courtesy Pay is intended only as a courtesy in the event you accidentally overdraw your account. Courtesy Pay is a standard overdraft practice, included on your Checking Account for checks, recurring debit card transactions, ACH transactions and automatic bill payments made using your Checking Account number, unless you ask us to not use Courtesy Pay for your account for these types of transactions. Courtesy Pay is not offered on Second Chance Checking or to minors. Since we charge a fee, regulations require you to “opt in” for our Optional Courtesy Pay service if you want us to pay your one-time (everyday) debit card transactions and ATM transactions. An “opt in” or “opt out” decision by the member or any joint owner will be treated as binding for all owners on an account. An “opt in” or “opt out” decision is required for each individual checking account. Your ability to “opt in” may be limited or restricted to prevent structured or intended abuse of the program. The amount of the Courtesy Pay fee is set forth in the Truth in Savings Fee Schedule (TIS Fee Schedule). Courtesy Pay can be revoked at our sole and absolute discretion. There are also overdraft protection plans (a link to a 1CFCU Savings, Club (except Christmas club), or a link to a 1CFCU Line of Credit (you must apply and qualify for this account). There are no fees per transfer for the first 6 Regulation D transfers from your available Savings and Club accounts. Subsequent transfers subject to Regulation D from a savings or club account will be charged a fee in accordance with our TIS Fee schedule. See Savings, Club and Money Market Account – Limitation on Preauthorized Transfers. You may link one or more of these overdraft protection accounts to your checking account for overdraft protection. In the event these overdraft protection plans are utilized, we will use our best efforts to transfer available funds from the eligible Savings or Club Account to your Checking Account, or to make an advance of funds under the eligible 1st Cash Line of Credit Agreement to your Checking Account, to remedy the overdraft. Our Courtesy Pay service may be available when no overdraft protection plan is available. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction, even if you have asked us to do so. If we...
Courtesy Pay. Unless you have applied for and received an overdraft line of credit, we do not have to pay your overdrafts. However, if you do not have an overdraft line of credit, or do not want us to overdraw our account under any circumstances even as a courtesy to clear an item that you have written, you must tell us not to do so. You understand that is may be a crime to write a check you know will not be paid. If your account receives a monthly direct deposit benefit check, such as Social Security or VA Disability, from the United States government and you do not want us to use funds in that account to pay an overdraft, you must tell us. If you do not tell us, you consent to allowing us to apply those funds to repay your overdrafts. Our Fee Schedule states the fee charged for paying your overdrafts.
Courtesy Pay. The Credit Union offers a discretionary overdraft payment service ("Courtesy Pay"), under the following terms and conditions:
Courtesy Pay. In accordance with our commitment to provide valued service and benefits, we may, if you qualify, at our discretion,
Courtesy Pay. Courtesy Pay is not available on Generation You Checking account. The Credit Union offers two Courtesy Pay options for your checking account: Courtesy Pay coverage for your Checks, ACH, and recurring Debit Transactions Courtesy Pay coverage for your Checks, ACH, recurring Debit transactions, ATM transactions, and Debit Card purchases. If you opt-in to Courtesy Pay coverage for your Checks, ACH, and recurring Debit Transactions, you can elect to additionally opt-in to coverage for your one-time ATM transactions and Debit Card purchases. If you elect to opt-out of Courtesy Pay coverage for your Checks, ACH, and recurring Debit Card transactions, you will not have the option to opt-in to coverage for your one-time ATM transactions and Debit Card purchases. The following information applies to both options.
Courtesy Pay. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds, and any payment by us of any non-sufficient funds check or preauthorized transaction processed through the Automated Clearing House network is at our discretion and does not obligate us to pay any additional non-sufficient fund item or to give advance notice of our decision to refuse to pay a similar item. We will consider, as a discretionary courtesy and not a right or obligation, approving your reasonable overdraft checks and preauthorized transactions processed through the Automated Clearing House network. The privilege will not be used to pay ATM or Debit MasterCard Transactions. Any and all fees and charges, including without limitation, the non-sufficient funds fees as set forth in our Service Charge Schedule for Consumer Accounts will be included. The total of the discretionary courtesy overdraft (negative) balance, including any and all fees and charges, including all non-sufficient funds/overdraft fees, and continuous overdraft fees is due and payable upon demand, and each account owner will continue to be liable, jointly and severally, for all such amounts.
Courtesy Pay. (a discretionary overdraft service) From time to time, members experience non-sufficient funds situations on their accounts. Courtesy Pay is not a loan which means that the Credit Union does not engage in credit underwriting as a basis of determining your eligibility as part of this service. As a courtesy, the Credit Union offers an additional overdraft service known as Courtesy Pay. We are not obligated to pay any item presented for payment if your account does not have sufficient collected funds. Rather than automatically returning, unpaid, any non-sufficient funds that you may have, if your eligible checking account (primarily used for personal, family and household purposes) has been open for at least ninety Member Opt Out. You or a joint owner on your account may choose at any time not to participate in our Courtesy Pay service by notifying us. This Opt Out request will remain in effect until you or your joint owner on the account requests that Courtesy Pay be added to the account. In the event of conflicting requests for the checking account owners, we may decline to extend the Courtesy Pay service.
Courtesy Pay. The Credit Union offers two types of optional overdraft protection services which will allow your account balance to become negative. Basic Courtesy Pay and Extended Courtesy Pay are non contractual services available to accounts in good standing. The Credit Union reserves the right to discontinue these services without prior notice and reserves the right to not pay any overdraft. For Basic and Extended Courtesy Pay, overdrafts are covered up to the approved limit (see requirements below) from available funds including the Courtesy Pay fee (see Rate and Fee Schedule) for each overdrawn item. Account requirements for Basic & Extended Courtesy Pay Protection: • Members who have a Qualstar checking account (ex- cluding MyCash Checking) with check writing access receive $300 in coverage when the account is opened; after six (6) months coverage increases to $500; Vacation Fund accounts receive $100 in coverage six months following their initial vacation fund deposit. • The member cannot have any delinquent loans, bankruptcies or charged-off loans. • The account must be brought to a positive balance within thirty (30) days from the first day the account is overdrawn. • The account must have a current address and phone number, otherwise Courtesy Pay will be discontinued. Members who do not wish to receive Basic Courtesy Pay pro- tection are required to opt-out by calling us at 0-000-000-0000 or mail an opt-out request to: Qualstar Credit Union, PO Box 3050, Bothell, WA 98041.
Courtesy Pay. Except as otherwise agreed in writing, if we exercise our right to use our discretion to pay an overdraft through the Courtesy Pay program, we do not agree to pay overdrafts under said program in the future and may discontinue covering overdrafts at any time without notice. If we pay an overdraft through the Courtesy Pay program and impose a fee that overdraws your account, you agree to pay the overdrawn amount in accordance with the Courtesy Pay program. There is a per item fee for overdraft created by checks, in person withdrawals, ATM withdrawals, or by other electronic means as applicable. Please refer to the Fee Schedule for current fee information.
