What is PayAssure?Payassure Agreement • May 15th, 2018
Unforeseen circumstances happen to us all. Sometimes, they happen at just the wrong time. With PayAssure you can avoid the hassle of a declined VISA® Debit Card transaction or get the cash from the ATM even when the cash isn’t in your checking account because of a mathematical error. PayAssure pro- tects against those embarrassing situations that can cause stress or negatively impact your credit. Once you opt-in, the PayAssure Service will provide eligible members a limited amount of overdraft protection from which we may authorize and pay checks, ACH/Electronic Items and everyday debit card transactions initiat- ed for payment up to your limit, when account funds are not available. With PayAssure, instead of returning a check to the merchant because of insufficient funds, Ontario-Montclair School Employees Federal Credit Union may pay your check, ACH/Electronic Item and every day VISA® debit card transactions, saving you any additional merchant charges as well as the embarrassment of
