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Courtesy Payment

Overdrawn account? We’ve Got Your Back.

Little girl on sled.
Can’t cover it? We will.
  1. Overview
  2. FAQs

Overview

Avoid debit card transactions being declined because of an overdrawn account – and avoid Non-Sufficient Funds (NSF) fees and charges for returned checks.

How Courtesy Payment works.

Courtesy Payment may be granted and will allow you to overdraw your account in situations where you do not have sufficient funds to cover a transaction. Our Courtesy Payment service will attempt to pay, when possible, checks, ACH payments (echecks), ATM withdrawals and debit card purchases (both recurring and one-time) presented against insufficient funds in your account. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay all types of transactions. If the Courtesy Payment transaction is authorized, your account will reflect the amount overdrawn plus a $29 service charge.

Example:

Account with $50 Balance and $500 Courtesy Payment Limit

Beginning Balance:

$50.00


Day 1:
Check Amount:
($292.00)
Courtesy Payment Service Charge Charged:
 ($29.00)
Account Balance:
-$271.00


Day 2:
ATM Withdrawal:
($200.00)
Courtesy Payment Service Charge Charged:
($29.00)
Account Balance:
-$500.00


Day 3:
No More Available Balance

Opt Out Option

You can choose to opt out of the program at any time by calling Member Relations. Should you require the Courtesy Payment service at a later time, you can request to have it added back to your account.

Frequently Asked Questions

For more information about Courtesy Payment, check out the Courtesy Payment FAQs.

Courtesy Payment is available on Checking and Money Market accounts open at least 30 days and in good standing. To be in good standing requires at a minimum:

  • Having a cumulative minimum deposit of at least $200 made into your BCU account(s),
  • Making regular deposits consistent with your past practices,
  • Depositing an amount equal to or greater than the amount of discretionary Courtesy Payment extended to your account and bringing your account to a positive balance within a twenty (20) day period.
  • You are not in default on any loan or other obligation to BCU.
  • You are not subject to any legal or administrative order or levy.

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 $200, 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 BCU 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 one-time debit card or ATM transactions. If you wish to opt-in to Courtesy Payment to cover overdrafts from one-time debit card or ATM transactions, please visit our web site, visit any of our Service Centers, or call us at 1-800-388-7000.

Our current service charge is $29 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, a one-time Overdrawn Account fee will be charged to your account as stated in the Product Feature, Truth-in-Savings and Service Charges and Fees disclosures. 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 charged 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 Relations or at a BCU Service Center. For more information on this program, contact us at BCU, 340 North Milwaukee Avenue, Vernon Hills, IL 60061.