Courtesy Pay

To err is human. Under certain circumstances, we may cover your overdraft. Of course, we can’t promise to pay every time, and not all accounts are eligible. Please request a copy of our Courtesy Pay Policy for the full disclosure and limits.

What is Courtesy Pay?

Courtesy Pay is a discretionary service provided to eligible accounts. It is designed to help prevent insufficient funds items from being returned or declined. 1st Financial Federal Credit Union may provide you with Courtesy Pay depending on the type of account you have.

How does Courtesy Pay work?

If you have debits (checks, ACH, debit card transactions) presented against insufficient funds, we may elect to cover your overdrafts up to your Courtesy Pay limit. As long as your account remains in good standing, you make regular deposits into your account, bring your account to a positive balance as soon as possible within 30 calendar days, and maintain a positive balance for one processing day you will continue to receive Courtesy Pay.

How much does Courtesy Pay cost?

There is no fee for having Courtesy Pay unless you use it. You will be charged a fee of $29.50 for each item presented against insufficient funds. Whether the item is paid or returned, you will be assessed the regular Returned Item/Overdraft fee.

When your items are paid, this service will help save you the embarrassment and inconvenience of a returned item, as well as the fee normally charged to you by merchants for items returned to them (may be $35 each or more). Plus, you potentially avoid being placed on returned item/check lists or being reported to credit reporting
agencies.

What is OOPS! Overdraft Fee Forgiveness?

We understand that occasionally life gets hectic and you may inadvertently overdraw your account. For this reason, we have introduced OOPS! Overdraft fee forgiveness at 1st Financial Federal Credit Union.

This makes it possible for all personal checking accounts to receive one non-sufficient funds (NSF) transaction fee at no charge per calendar year (Jan. – Dec.). The NSF charge is $29.50 per occurrence thereafter. The first NSF at no charge will show as a credit for the fee amount on your monthly statement.

Download our Courtesy Pay brochure.