OVERDRAFT PROTECTION AND COURTESY PAY
When unexpected expenses happen, overdraft options can allow you approval for purchases and bill payments when your account does not have available funds. Selecting Overdraft Coverage before it's needed can help ease the stress during difficult times.
Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:
|Overdraft Protection Link to Another Deposit Account you have at ACMG Federal Credit Union1
|$5 fee per transfer
|Overdraft Protection Line of Credit1,2
|Subject to interest
|Courtesy Pay Standard or Extended Coverage
|$30 Courtesy Pay per item presented*, $20 for ATM/Debit Card items
1Call us at (800) 634-9239, email us at [email protected], or come by a branch to sign up or apply for these services; 2Subject to credit approval.
* Per item presented means each time an item is presented, including representment
Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at ACMG Federal Credit Union for a finance charge. Please note that overdraft lines of credit are subject to credit approval.
Courtesy Pay allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Courtesy Pay is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know” section included with this letter for other important information.
|Transactions Covered with Courtesy Pay
|Standard Coverage (No Action Required)
|Extended Coverage (Your consent required on consumer account)*
|ACH - Automatic Debits
|Recurring Debit Card Payments
|Online Bill Pay Items
|Internet Banking Transfers
|Teller Window Transactions
|Everyday Debit Card Transactions
If you would like to select Extended Coverage for future transactions: call us at (800) 634-9239, complete the online consent form, visit any branch, complete a consent form and mail it to us at P.O. Box 188, Solvay, NY 13209-9987, or email us at [email protected].
*If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Courtesy Pay coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
You can discontinue the Courtesy Pay in its entirety by contacting us at (800) 634-9239 or sending us an e-mail at [email protected].
What Else You Should Know
If you have any questions about Overdraft Protection or Courtesy Pay, please call us at (800) 634-9239 or visit a branch.
This page contains links to PDF documents for which Adobe Acrobat Reader is required to view.
Download Free Adobe Acrobat Reader