Courtesy Pay (Overdraft Protection)
For members who qualify, Courtesy Pay provides a pre-approved $525 overdraft limit to your personal checking account. If you overdraw, we may pay each item up to your $525 limit. Every time you utilize Courtesy Pay, your account will be assessed a Courtesy Pay charge of $25 per item.
Courtesy Pay saves you from:
- Merchant returned check fees
- Collection agency fees for returned items
Plus, using Courtesy Pay doesn't impact your credit score, so you have the added safety measure of protecting your good credit rating.
Because of Federal regulations, you must opt-in to receive Courtesy Pay overdraft protection on ATM/debit card transactions. American 1 does not authorize and pay overdrafts for the following types of transactions unless requested:
- Checking transactions
- ACH and automatic debit transactions
- Everyday debit card transactions
- ATM transactions
Overdrafts are paid at American 1's discretion. We do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.*
CONTACT US TO OPT-IN TO COURTESY PAY
*The Credit Union is not obligated to authorize transactions or pay any overdraft, even if you have Courtesy Pay. We will decide to pay overdrafts on a case-by-case basis, in our sole and absolute discretion. The Credit Union may refuse to pay any items without first notifying you, even though your account is in good standing and even if we have paid previous overdrafts. For your overdrafts that are paid, you promise to immediately pay us all sums, including fees and charges for this service advanced to you or any other person you permit to use your checking account and/or who causes an overdraft on your checking account.