Having a check or electronic payment can be a costly experience, which is why we provide a service called Courtesy Pay. Courtesy Pay is a special overdraft protection for Notre Dame Federal Credit Union members.
What is Courtesy Pay?
Courtesy Pay is a non-contractual overdraft protection service that we offer to our members with eligible share accounts. As long as you maintain your account in good standing, we may cover transactions exceeding your available balance, up to your approved limit. We will charge our normal Non-Sufficient Funds (NSF) fee (see fee schedule) and provide you a notice each time an overdraft occurs. You are required to bring your account to a positive balance within 30 days.
How do I enroll in Courtesy Pay?
There is no fee to enroll when you open a membership with Notre Dame Federal Credit Union. After 180 days of account opening, you will automatically be enrolled in Courtesy Pay for electronic transactions (ACH) and checks. If you want the same coverage for your ATM and debit card transactions, you need to Opt-In for Courtesy Pay for ATM and everyday debit card transactions you make at a store, online, or by phone. Click here for full details.
Can I opt-out of Courtesy Pay?
You can remove Courtesy Pay from your account and opt-out of Overdraft Protection for ATM and everyday debit card transactions at any time by contacting us either in person, by mail (P.O. Box 7878, Notre Dame, IN 46556) or by phone at 800/522-6611.
Are there other overdraft protection options?
Yes, we also offer overdraft protection by linking your other accounts, such as a share savings, which may be less costly and will be used prior to Courtesy Pay. We also offer a credit card, which can be linked to your share draft checking for overdraft protection. Please contact us for more information in regards to the order in which we draw to cover items that would cause an overdraft.
How is my account balance calculated?
Your share draft checking has two kinds of balances: the "actual" and the "available" balance. We use your available balance when determining whether a transaction will cause your account to overdraw and for charging overdraft fees. You can review both balances via online banking, at an ATM, by phone or at a branch.
You understand that we may, at our discretion, honor withdrawal requests that overdraw your account. However, the fact that we may honor withdrawal requests that overdraw your available balance does not obligate us to do so later. So you can NOT rely on us to pay overdrafts on your account regardless of how frequently or under what circumstances we have paid overdrafts on your account in the past. We can change our practice of paying overdrafts on your account without notice to you. You can ask us if we have other account services that might be available to you where we commit to paying overdrafts under certain circumstances, such as a credit card or a plan to sweep funds from another account you have with us. You agree that we may charge fees for overdrafts. For consumer accounts, we will not charge fees for overdrafts caused by ATM withdrawals or one-time debit card transactions if you have not opted-in to that service. We may use subsequent deposits, including direct deposits of social security or other government benefits, to cover such overdrafts and overdraft fees.