Courtesy Pay

At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience.

At Community Resource Credit Union, we do not encourage overdrafts.  As always, we encourage you to manage your finances responsibly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned.

That’s why we provide Courtesy Pay, a special overdraft service for CRCU's members.

What is Courtesy Pay?

Courtesy Pay is a discretionary overdraft service requiring no action on your part that provides you a safety net up to an automatically assigned overdraft limit. Your Courtesy Pay limit may be available for checks and other transactions made using your checking account number or automatic bill payment and recurring debit card payment. Also, at your request, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit.

How does Courtesy Pay work?

We are not obligated to pay any item presented for payment if your account does not contain sufficient funds; however, as long as you maintain your account in “good standing,” we may approve your overdraft items within your current available Courtesy Pay limit as a non-contractual courtesy.

For Courtesy Pay consideration, your account is in “good standing” if you:

  1. Make sufficient deposits to bring your account to an end of-day positive balance at least once every 30 calendar days (including the payment of all credit union fees and charges.)
  2. Avoid excessive overdrafts suggesting the use of Courtesy Pay as a continuing line of credit.
  3. There are no legal orders, levies or liens against your account.

Please note that the amount of overdraft plus our Courtesy Pay Fee of $29.50 for each item will be deducted from your Courtesy Pay limit. If the item is returned, the Non-Sufficient Fee (NSF) of $29.50 will be deducted from your account. No interest will be charged on the overdrawn balance.

How do I know when I use the overdraft limit?

Each time items are paid, you will receive a Courtesy Pay notice in the mail or via e-mail if you are enrolled in e-Statements and e-Notices. The notice will show the check number if available, transaction amount, and the Courtesy Pay Fee. You will need to subtract the total fees when balancing your check book.

What is my Courtesy Pay limit? If I have two checking accounts, can I get Courtesy Pay on both?

Locate your account type below and make note of the corresponding limit. If you have multiple accounts for your household, you may have a limit on all eligible accounts.

  • Free Checking                      
$300
  • Interest Checking  
$500
  • Senior Checking   
$500
  • Reward Checking  
$500

How Do I Know When I Use Courtesy Pay? What If I Go Beyond My Courtesy Pay Limit?

Overdrafts above and beyond your established Courtesy Pay limit may result in checks or other items being returned to the payee. The Non-Sufficient Fee (NSF) of $29.50 will be charged per item and assessed to your account. An NSF notice will be sent to notify you of items paid and/or returned.

How Quickly Must I Repay My Courtesy Pay?

You should make every attempt to bring your account to an end-of-day positive balance as soon as possible, and must do so within 30 calendar days. If you are not able to do so, you will receive a letter from Community Resource Credit Union informing you that your Courtesy Pay limit has been suspended and additional items may be returned.

What does my Courtesy Pay cost?

There is no additional cost associated with this privilege unless you use it. You will be charged our Courtesy Pay Fee of $29.50 for each overdrawn item created by check, in-person withdrawals, ATM withdrawals or other electronic means paid under the limit. For example, three paid items in one day will result in $88.50 in Courtesy Pay Fees. To help you manage your account, your monthly checking statement will reflect all paid and returned items for the current month and year-to-date fees.

How can I access my Courtesy Pay limit? Will my limit be reflected in the balance I receive?

The chart below shows the different ways you can access your Courtesy Pay limit and indicates whether or not this limit will be reflected in the balance provided.

Access Points Overdraft Privilege available? Does balance shown include courtesy pay limit?
Teller No No
Writing a Check Yes n/a
Debit Card (recurring) Yes n/a
Debit Card (everyday) No** n/a
ATM Withdrawal No** No
ACH – Auto Debit Yes n/a
Home Banking No No
TouchTone Teller No No

** Courtesy Pay will be made available for ATM or everyday debit card transactions upon your request. Call 281.422.3611 or visit one of our branches to arrange for your ATM and debit card coverage.

How soon can I use my Courtesy Pay?

If you are a new account holder, you may be able to use the Courtesy Pay privilege service approximately 30 days after the account is opened, assuming your account is in “good standing” as defined in the Courtesy Pay Policy.

How else can I cover overdrafts at CRCU?

The best way to avoid overdrafts and fees is to keep track of your account balance by entering all items in your check register, reconcile your check book regularly and manage your finances responsibly. However, if a mistake occurs, Community Resource Credit Union offers additional ways to cover overdrafts in addition to Courtesy Pay.

What if I do not want to have Courtesy Pay on my checking account?

If you would like to have this service removed from your account, please call 281.422.3611 or 800.238.3228.

  • Courtsey Pay Policy
Ways to Cover Overdrafts
At CRCU
Example of Associated Fees*
Good Account management $0
Link to any CRCU Savings/Checking Account $2 Transfer Fee
QwikLoan 14% APR*
Courtesy Pay Courtesy Pay of $29.50 for Each Item

 

*APR = Annual Percentage Rate. These costs are provided only as examples. Please ask us about of specific products and fees.
An insufficient balance could result in several ways, such as: (1) the payment of checks, in-person withdrawals, ATM withdrawals, Debit Card withdrawals, or by other electronic means, as applicable; (2) payments authorized by you; (3) the return of unpaid items deposited by you; (4) the assessment of service charges; or (5) the deposit of items which, according to the Credit Union’s Funds Availability Policy, are treated as not yet available or finally paid.

 

We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. However, if you maintain your checking account in good standing (defined as making regular deposits and bringing your account to a positive balance at least once every 30 days) and there are no legal orders outstanding, we may approve your reasonable overdrafts as a non-contractual courtesy. You may opt out of the service at any time, but you are responsible for any overdrawn balances at the time of opting out.

 

Normally we will not approve an overdraft for you in excess of the predetermined Courtesy Pay limit assigned to your account type. So as not to exceed your limit, you should note that the amount of the item plus the credit union’s standard Courtesy Pay fee
for each item will be deducted from the Courtesy Pay limit. We may refuse to pay an item for you at any time, even though we may have previously paid items for you.

 

You will be notified by mail or via e-mail if you are enrolled in e-Statements and e-Notices of any NSF items paid or returned that you may have. However, we have no obligation to notify you before we pay or return any item. The amount of any overdraft plus our standard Courtesy Pay fee(s) that you owe us shall be due and payable upon demand. If there is an item(s) paid by us on an account with more than one (1) owner on the signature card, each owner and agent, if applicable, drawing/presenting the item creating the overdraft, shall be jointly and separately liable for such overdraft plus our standard Courtesy Pay fee(s).

 

Community Resource Credit Union’s policy is to pay items from the smallest dollar amount to the largest dollar amount. Courtesy Pay should not be viewed as an encouragement to overdraw your account. As always, we encourage you to manage your finances responsibly. In the event you would like to have this service removed from your account, you can do so by calling 281.422.3611. You should note that your Courtesy Pay limit will not be reflected in your balance provided by a teller, at the ATM or through TouchTone Teller or Home Banking.

 

LIMITATION: Courtesy Pay is a non-contractual courtesy which is available to individually/jointly owned accounts in good standing for personal or household use. Community Resource Credit Union reserves the right to limit participation to one account per household and to discontinue this service without prior notice.

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