Couple shopping

What is Courtesy Pay?

August 26, 2020

Courtesy pay offers peace of mind

Courtesy pay overview

Courtesy pay is a service option we provide to protect our members if they inadvertently overdraw a checking account. In the event that there’s not enough money available in your account to cover a transaction, courtesy pay may cover your transaction for a fee. This prevents the hassle of declined transactions or bounced checks. It also helps avoid costly returned item fees and/or late fees charged by merchants and retailers.

Two levels of coverage

1st United offers two levels of courtesy pay protection – one for checks, electronic payments and bill payments and an additional level of protection for ATM and debit card transactions. The first level of coverage is automatically included with your account. Members need to enroll in the second level of coverage for ATM and debit card transactions.

If you prefer to opt out completely from courtesy pay protection, you can by calling us. If you overdraw your account and items are returned unpaid, you will be charged a fee in accordance with our fee schedule.

$5 courtesy

We understand that mistakes happen, that’s why we offer courtesy pay protection.

There is a $29.00 fee each time an item is paid even though there is an overdraft. We don’t think, however, that you should pay a fee on top of your morning cup of coffee in the event that you accidentally overdraw your account.

As a non-profit financial institution, we want to offer you the most convenient, least expensive option to manage your money. That’s why we’ve adjusted the fee to allow our members a complimentary $5 overdraw amount. That means, if you overdraw your account for an amount of $5 or less, we will cover that amount and won’t charge you a fee. We think that is part of the credit union difference and we hope you agree.

Learn more

With Courtesy Pay, you can avoid merchant late fees, returned check fees, having your debit card declined when you’re trying to make a purchase, and even potential credit score damage.