Common use of Courtesy Pay Program Clause in Contracts

Courtesy Pay Program. The Credit Union offers a courtesy pay protection program that is designed to cover inadvertent overdrafts in a checking account. By signing a signature card or opening your account online, you are enrolling in this type of courtesy pay program for checks and ACH items posting to your checking account(s). If you choose, you can opt-in to obtain courtesy pay for everyday and recurring Debit Card transactions. Each item paid will be subject to a service charge set forth in the Fee Schedule. Courtesy Pay is not a line of credit and must be repaid within thirty (30) days of the account being overdrawn. Members who may need overdraft services on a recurring basis are encouraged to request other products subject to standard credit qualifications, such as an overdraft line of credit, that may reduce the costs associated with overdrafts.