Important Changes in Effect July 15
- The name will be changing from Overdraft Privilege to Courtesy Pay
- You'll be able to view your limit any time in Online Banking
- Your limit will be more consistent with the potential to change only once a month rather than once a day
Overdraft Privilege/Courtesy Pay is automatically provided to cover outstanding checks, in-person withdrawals, return deposit items and electronic transactions as long as you maintain qualifying deposits. You can also opt in to allow Overdraft Privilege/Courtesy Pay to cover your ATM and everyday debit card transactions.
How it works
If your account doesn't have sufficient available funds and all other current overdraft protection options (e.g., savings account, Personal Line of Credit or Visa line of credit) are not available, Overdraft Privilege/Courtesy Pay kicks in. Transactions that would have been returned or declined for non-sufficient funds will be allowed to clear up to your established limit. A fee of $27.00 will be charged each time we pay an overdraft with Overdraft Privilege/Courtesy Pay. There is a daily cap of five (5) fees charged for overdrafting your account. If the negative account balance is less than $3.00, no fee will be charged.
Give us a call or visit a branch to opt in or change your preferences.
We determine your limit by considering the length of time you've had your account with us as well as the deposits you've made to your checking account in the past month.
How to request it
Overdraft Privilege/Courtesy Pay is automatic for checks and electronic payments. You must opt in for ATM and everyday debit card transactions.
Give us a call or visit a branch to opt in.
WSECU pays overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.