Terms and Agreement
Courtesy Payment may be granted that will allow you to overdraw your Account. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. Our Courtesy Payment service will attempt to pay, when possible, checks, ACH payments, and recurring debit card purchases presented against insufficient funds in your account. Courtesy Payment will allow you to overdraw the available balance in your account from up to $500, and in certain cases, up to an absolute maximum of $1,500 including any service charges. The limit may change from time to time based on your individual account transaction history. If you believe an overdraft situation is likely, you should ask us for your specific limit.
Please note: For one time (individual, non-recurring) debit card and ATM transactions, you must provide consent (opt-in) to receive the Courtesy Payment service. Otherwise, we will not authorize and pay overdrafts that resulted from a one-time debit card or ATM transactions. If you wish to opt-in to Courtesy Payment to cover overdrafts from a one-time debit card or ATM transactions, please visit our online banking It’s Me 247 to “opt-in.”
Our current service charge is $28 for each overdraft. A Courtesy Payment service charge will not be charged for any transaction that brings the available balance in your account negative by $5 or less. A Courtesy Payment service charge per each occurrence that results in the available balance in your account becoming negative by more than $5 will be charged to your account as stated in the Product Feature, Truth-in-Savings and Service Charges and Fees disclosures. There is no limit to the number of service charges that can be charged for overdrawing your account. If the account remains negative by more than $5 for ten consecutive calendar days due to the use of Courtesy Payment, Courtesy Payment may be suspended until your account is brought back to good standing. Transactions may not be processed in the order which they have occurred. This may affect the total amount of service charge incurred. You can opt out of Courtesy Payment either out of one time (individual, non-recurring) debit card and ATM transactions or Courtesy Payment for the account at any time by calling Member Services at 310-374-3436. Read more here