Overdraft Protection with Courtesy Pay from HHFCU

courtesy pay

Protection from unintentional overdrafts with Courtesy Pay.

Unforeseen expenses sometimes occur, and you might not have enough money in your account to cover those costs. Overdraft Protection with Courtesy Pay from HHFCU saves you from the inconvenience and embarrassment of insufficient funds in your account. Plus, you’ll have the added measure of protecting your credit rating.

HHFCU will cover your overdrafts up to $500. This is not a line of credit. There is a fee of $32 each time we pay an overdraft, but you will not be caught in the predicament of having your debit card transaction declined due to lack of funds. Get started by signing up for Overdraft Protection with Courtesy Pay.

Courtesy Pay Sign-up

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Alternative forms of overdraft protection

Overdraft from Savings
For a $5 fee, you can arrange for overdrafts to be covered from your savings account.

Overdraft Line of Credit
Pay interest only on the amount of the line used and avoid returned check fees.

To extend your coverage to ATM and everyday debit card transactions, please visit your local branch or contact us.

Having Courtesy Pay does not guarantee that we will pay your overdrafts. For every overdraft that is paid, a $29 fee will be charged. There is no limit on the daily fees we can charge you for overdrawing your account.

Related Resources

Courtesy Pay FAQs

Here are some of our most frequently asked questions:
[+] How does Courtesy Pay work?
If you do not have enough funds in your account to cover a transaction for payment, Courtesy Pay allows the transaction to process. Each time a transaction processes without sufficient funds, the account will be charged a fee and the balance remains negative until the amount of the transaction and fee are repaid.

[+] Is there a limit on how many transactions are covered with Courtesy Pay?
There is not limit on the number of transactions. However, once the negative balance reaches $500 on an account, transactions will no longer be covered by Courtesy Pay.

[+] What happens if I try to process a transaction and my negative balance is already at $500?
If an account has reached the $500 negative balance limit, the payment will be returned and Non-Sufficient Funds (NSF) fees will be charged to the account. These NSF fees will also add to the account negative balance.

[+] What types of transactions does Courtesy Pay cover?
Courtesy Pay will cover checks, ACH requests, electronic bill payments, debit card transactions and ATM withdrawals. Please note that coverage for ATM/Debit Card transactions will only be turned on if we receive a signed opt in.

[+] Is the fee the same, regardless of the purchase amount?
Yes. No matter the amount of overdraft from the account, the fee will always be the same. So please note that a $5 debit card purchase could cost $34 if the account is overdrawn and Courtesy Pay is used to cover the difference.

[+] Is there anything that Courtesy Pay does not cover?
It will not cover transactions made at a branch. If a check is written against an HHFCU checking account that the payee tries to either cash at a teller window, or deposit in an ATM, it will not be covered.

[+] Is Courtesy Pay like a line of credit?
No, it is not a line of credit. There is a fee each time Courtesy Pay is used. Any negative balance accrued using Courtesy Pay must be repaid.

[+] How do I turn Courtesy Pay on?
Unless you opt-out, Courtesy Pay will be activated automatically after an account has been open for 60 days. If you would like to activate Courtesy Pay for ATM/ Debit Card transactions, you simply sign our opt-in form. IMPORTANT NOTE: once Courtesy Pay has been activated—in either instance—no further notification will be sent to the account holder.

[+] How do I turn Courtesy Pay off?
You can opt-out at any time. Simply request the opt-out form, sign and submit back to the Credit Union.

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