Upward CU’s Courtesy Pay lets you keep oversights small
Whether it’s an honest mistake in balancing your checkbook, an unforeseen expense or a temporary shortfall, sometimes your balance can fall on the wrong side of zero. Upward CU can help make sure that shortfall won’t get any bigger with our Courtesy Pay. With Courtesy Pay, Upward CU will honor an overdraft transaction up to a maximum preset limit of $750.
Who is covered by Courtesy Pay?
All you need is an eligible Elite Checking Account with a confirmed opt-in on file. If you qualify, your Courtesy Pay limit will be either $500 or $750 and will be automatically assigned based on your account type.
How Courtesy Pay works
As long as your account remains in good standing Upward CU will honor overdrafts up to your Courtesy Pay limit. A $30 Courtesy Pay (ODP) fee for each overdraft transaction will be deducted from your limit. When check, ACH or Debit/ATM Card transactions are made that exceed the balance in your account, the transactions will be honored. This means that the merchant is processing your transaction will be paid, or the amount of cash you requested from the ATM will be given to you. Your account will be in the negative for the transaction amount plus the $30 ODP fee. You will then have 10 business days to make a deposit to your account. Your Upward CU Checking Account is more than just your checkbook, and Courtesy Pay is there no matter how you access your money.
Exceeding the overdraft limit
Overdrafts above and beyond Upward CU’s established limit may result in transactions being returned or denied. The normal Non-Sufficient Funds (NSF) fee will be charged to your account for each check or ACH transaction.
Courtesy Pay and multiple accounts
Multiple Upward CU accounts for your household may be eligible. Multiple accounts in the same name will be covered on one account only.
Qualifications for Courtesy Pay
Courtesy Pay is contingent on your consumer checking account being open for at least 30 days and thereafter you maintain the account in good standing, which includes at least:
(Upward CU will consider, as a discretionary courtesy and not a right or obligation, approving your reasonable overdrafts. This privilege for consumer checking account will generally be limited to a maximum of $500 (without Direct Deposit) or $750 (with Direct Deposit) in overdraft (negative) balances. Any and all fees and charges, including without limitation the non-sufficient fund fees, continuous overdraft fees and interest charges (as set forth in our fee schedules and deposit account agreements and disclosure), will be included in these maximum limits)
Now you have added protection without the extra bookkeeping
If you use your Courtesy Pay, each item will appear on your monthly statement. Upward CU clears checks by check number and not by amount, so there may be multiple charges on a single statement.
Opt out Option
You can choose to opt out of the program at any time. Should you require the Courtesy Pay service at a later time, you can request to have it added back to your account.