Protect yourself from overdrafts with Courtesy Pay
Unforeseen expenses sometimes occur, and you might not have enough money in your account to cover those costs. Courtesy Pay from HFCU 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.
HFCU will cover your overdrafts up to $500, including fees. This is not a line of credit. There is a fee (see fee schedule on our resources page) 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. Courtesy Pay covers overdrafts from checks and Automated Clearing House (ACH) transactions. And, only if you opt-in, Courtesy Pay will also cover overdrafts from Automated Teller Machine (ATM) withdrawals and debit card transactions. You must repay the negative balance in your account within 30 days. If you exceed the $500 total limit, including fees, items will be returned for non-sufficient funds (NSF) and you will be charged an NSF fee (see fee schedule). Get started by signing up for Courtesy Pay.
Overdraft from Savings
For a fee, you can arrange for overdrafts to be covered from your savings account.
Contact us at (845) 561-5607 to setup!
Overdraft Line of Credit
Protect your checking account against overdrafts. Overdraft Line of Credit protection can cover those times when you may need more money than you have available in your checking account.
Signup for Courtesy Pay
Overdraft Protection FAQ
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.
There is no 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.
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.
Courtesy Pay will cover checks, ACH requests, electronic bill payments, debit card transactions and ATM withdrawals. (Please note: coverage for ATM/Debit Card transactions will only be turned on if we receive a signed opt in.)
Yes. No matter the amount of overdraft from the account, the fee will always be the same. So please note that even a $5 debit card purchase could cost a fee if the account is overdrawn and Courtesy Pay is used to cover the difference.
It will not cover transactions made at a branch. If a check is written against an HFCU checking account that the payee tries to either cash at a teller window, or deposit in an ATM, it will not be covered.
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.
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. (Please note: once Courtesy Pay has been activated—in either instance—no further notification will be sent to the account holder.)
You can opt-out at any time. Simply request the opt-out form, sign and submit back to the Credit Union.