Courtesy Pay
Saves you from the embarrassment of returned checks Saves you from merchant returned check charges Saves you collection agency fees and protects your credit rating

WHAT IS COURTESY PAY?

Courtesy Pay is a new service that adds a measure of protection to your (share draft) checking account. Courtesy Pay may cover your insufficient funds checks, up to your approved limit, for one low fee per covered overdraft transaction. That means, instead of returning a check to the merchant because of insufficient funds, the credit union may pay your check, saving you additional charges from the merchant collection companies, in addition to the credit union’s insufficient fund fee. It saves you the embarrassment an inadvertent overdrawn check can cause. It also helps protect your credit rating.

HOW DOES COURTESY PAY WORK?

Overdrafts on your checking account, up to a limit of $500 [including the amount of the overdrawn item(s) and the non-sufficient funds fee(s)] may be honored by Tobyhanna Army Depot Federal Credit Union. Our normal Non-Sufficient funds fee will be assessed for each item that draws your account negative. You then have up to 30 days to bring the account current, either through a direct deposit, transfer of funds, or a deposit at one of our branch offices.

WHAT IF I ALREADY HAVE OVERDRAFT PROTECTION?

If you already have your share account(s) set up to cover overdrafts, Courtesy Pay will not be activated unless the combined available funds in your share draft checking and one of your share account(s) cannot cover the draft. Any share savings account(s) currently set up will be used and assessed our regular balance transfer fee. If there are not enough funds in any one account combined with your share draft balance to cover the draft, Courtesy Pay will be used to cover the check. If the funds in the share account(s) have been depleted, Courtesy Pay may be activated.

DO I HAVE TO APPLY FOR THIS SERVICE?

No. We require no applications or additional signatures. As long as you are a member in good standing which includes having an account with us for at least 90 days, you make regular deposits to that account, bring your account back to a positive balance regularly, and there are no legal orders against the account, your Courtesy Pay privilege remains activated.

Courtesy Pay is a way for us to provide a higher level of service to our members by helping protect your account and reputation when an inadvertent overdraft occurs.

If you have any questions please e-mail us!