Courtesy
Pay
 Oops… Write
an Accidental NSF Check? It
can happen to any of us. You
forget to enter a debit in
your checkbook… Your
overdraft loan or available
share transfer limit is exceeded… the
next thing you know, you have
an NSF item… and
a high merchant fee! But for
qualified members, MCCU can
fix that… with
Courtesy Pay!
Courtesy
Pay Is NOT A Loan. MCCU can apply
the Courtesy Pay privilege to
cover checks and withdrawals
drawn on accounts that don't
have enough money to cover them.
It prevents the embarrassment
of a bounced check AND… prevents
the exorbitant NSF fees charged
by many merchants, sometimes
as high as $50!
How
Courtesy Pay Can Save You Money!
Number
of Returned Items |
Average
Merchant/Bank Fee for Returned
Items |
MCCU’s
Courtesy Pay Fee |
Total
Expense WITHOUT Courtesy
Pay |
Total
Expense WITH Courtesy
Pay |
Total
Savings with Courtesy
Pay |
1 |
$25 |
$25 |
$50 |
$25 |
$25 |
2 |
$25 |
$25 |
$100 |
$50 |
$50 |
3 |
$25 |
$25 |
$150 |
$75 |
$75 |
Courtesy Pay Works Like This - When a check or withdrawal
is presented to MCCU, we pay it from available funds in your account.
If there are non-sufficient funds, and all Overdraft Protection
options on your account have been exhausted, we will consider paying
the item if you qualify for Courtesy Pay. Your account will then
show a negative balance… and it is your responsibility to bring
your account to a positive status within 30 days.
Courtesy
Pay Covers these Transactions:
- Checks
written on your MCCU checking
account
- MasterMoney
Check Card transactions
- ACH
transactions (automatic debits
from your checking account)
- ATM
transactions
- Bill
Payer transactions
Who
Is Eligible -
Courtesy Pay is automatically
available to all MCCU checking
account holders who meet specific
criteria. Account holders in
good standing and not under
administrative/legal order
or a Levy are generally eligible.
There is no need to apply.
If you qualify, the Credit
Union will set a specific limit
for your checking account based
on, but not limited to, your
length of membership and account
history.*
*
Limits may vary up to a maximum
of $1,000.00 per checking account.
The Cost? Surprisingly Affordable! Each time MCCU pays a
bounced check or withdrawal for you with Courtesy Pay, you will
be charged $25. That's all - you won't be charged anything else,
by us or by the merchant.
Some
restrictions may apply. Please
read the Terms
and Conditions for
more information. Or call us
at (818) 993-6328.
See
full disclosure for details.
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