We've got your back with Courtesy Pay

Your Palisades Credit Union checking account has an outstanding benefit called Courtesy Pay.
 

No more worry at checkout
Think of Courtesy Pay as a safety net. If you overdraft, have an emergency expense, or your funds aren’t available yet – we’ve got you covered.

• Covers accidental overdrafts
• Make purchases even if your balance is low
• Access deposited funds before they are processed
   

Information on overdrafts and overdraft fees
 An overdraft occurs when your account does not have enough money to cover a transaction, but we pay it anyway.
 We offer two different ways to cover your overdrafts:

• Standard overdraft practices that come with your account, such as Courtesy Pay.
• Overdraft protection plans, such as links to savings account and lines of credit (loans). These may be less expensive than our standard overdraft practices. Ask us for more information on these plans. 

This notice explains our standard overdraft practice that comes with your account.

We do authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
• Automatic bill payments and recurring debit card transactions

We will not continue to authorize and pay overdrafts for the following types of transactions unless you ask us to:

• ATM transactions
• Everyday (one-time) debit card transactions

Overdraft fees
We will charge you a fee¹ each time we pay an overdraft. Due to regulatory requirements, we will only pay overdrafts on your ATM and everyday debit card transactions if you ask us. If you do not opt-in via the form below, the transaction will not be paid, and no fee will be imposed. We may continue to pay overdrafts on your checks and automatic bill payments and impose a fee. Overdrafts are paid at our discretion. Payment of an overdraft is not guaranteed. If we do not authorize and pay an overdraft, your transaction will be declined and the item returned unpaid. There is no limit on the total fees we can charge you for overdrawing your account. We can close your account if you have excessive overdrafts. You should ask us if you qualify for a program that may pay your overdrafts for less than the overdraft fee. 

What to know
Palisades Credit Union disclaims all liability associated with overdraft protection plans, courtesy pay and any other service that automatically pays overdraft. Members with payments covered by this service will have ten (10) business days following the occurrence to pay the overdrawn balance. If funds are available in other Palisades CU accounts owned by the member, Palisades CU may transfer those funds to the checking account to cover all or part of any negative balance. If any remaining negative balance is not paid within the ten (10) day limit, future Courtesy Pay privileges may be denied and the member may incur legal fees to recover the loss. 

ATM and one-time debit transaction overdraft coverage
Fill out the form below if you would like us to authorize and pay overdrafts on ATM and everyday (one-time) debit card transactions.
 

Courtesy pay Opt-in form

1 Fee is subject to change. See Fee Schedule for current fee.