The credit union is not obligated to pay any item presented for payment if your checking account does not contain sufficient collected available funds
. However, if you maintain your account in good standing, Credit Human will approve your reasonable overdrafts. We will not approve an overdraft in excess of $300 including our handling fees. If you have authorized overdraft protection from your Share Savings account and/or if you have funds available from an existing Line of Credit which has been designated by you to be used as overdraft protection, we will transfer any available funds from these accounts first before we approve a Courtesy Pay advance.
Non-Sufficient Funds/Courtesy Pay Handling Fees: regardless of whether we pay or return a non-sufficient funds item, we will charge your account either a per item $25 non-sufficient funds fee or a per item $25 Courtesy Pay handling fee as set forth in our Fee Schedule
If Credit Human decides to pay a check and/or withdrawal that exceeds the available funds in your checking account, you agree to pay a handling fee of $25 per transaction paid, which will be added to your balance along with the funds advanced by Credit Human to pay the overdraft. Your account may be subject to a $25 fee for each item regardless of whether we pay or return the item. We may charge the $25 fee each time an item is submitted or resubmitted for payment; therefore, you may be assessed more than one fee as a result of a returned item and resubmission(s) of the returned item.
We may refuse to pay an overdraft for you at any time, even though we have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items that were either paid or returned. However, we have no obligation to notify you before we pay or return any item.
The amount of any overdraft including our handling fees is due and payable upon demand. If there is an overdraft paid by us on an account with more than one owner on the signature card, each owner and the agent if applicable, shall be jointly and severally liable for such overdraft including all fee amounts.
Courtesy Pay may be discontinued if you default on any Credit Human loan or other obligation to Credit Human, your account becomes subject to any legal or administrative order or levy, or you fail to maintain your account in good standing by not bringing your account to a positive balance within the 44 days for a minimum of one business day.
Courtesy Pay Limitations and Eligibility Requirements
Available on checking accounts only. Savings accounts, public fund/charitable organization accounts, certain trust accounts, deceased member accounts, and any accounts for individuals under the age of 18 are not eligible for this service. Members with the following conditions on their account(s) are temporarily ineligible for Courtesy Pay but may become eligible once the condition(s) are removed: Past due on any Credit Human loan of more than 31 days, charged-off Credit Human loan, Credit Human accounts with a negative balance for more than 44 days; accounts with levies, garnishments or bankruptcies.
Members may be allowed to overdraw through Courtesy Pay their share draft account up to an aggregated total of $300.