Overdraft Coverage | Educational Systems Federal Credit Union

We have options to help cover unexpected overdrafts

We understand that unexpected overdrafts can happen from time to time. That's why we offer three overdraft options. You can select which options work best for you.

Service	Cost/Limitations
Overdraft Privilege Protection: Link your checking account to your savings account	No fee per transfer
Line of Credit	Finance charges, subject to credit approval
Courtesy Pay	$35 Courtesy Pay fee per overdraft

Overdraft Privilege Protection and a Line of Credit apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit. Please note that lines of credit are subject to credit approval, finance charges and fees.
Courtesy Pay allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Courtesy Pay is still available as secondary coverage if the other protection source is exhausted.

We offer Standard Courtesy Pay and Premium Courtesy Pay options. Premium Courtesy Pay provides coverage for ATM withdrawals and debit card transactions. The chart below provides an overview of our two Courtesy Pay options.

Transactions Covered with Courtesy Pay	Standard Courtesy Pay (No action required)	Premium Courtesy Pay (Your consent is required)
Checks	X	X
ACH automatic debits	X	X
Recurring debit card payments	X	X
Bill Pay items	X	X
Teller window transactions	X	X
ATM transactions		X
Debit card transactions		X

If you would like to select Premium Courtesy Pay for future transactions, call us at 301.779.8500, complete the Consent Form for Overdraft Services, or visit any branch.

Please note that you can discontinue the Courtesy Pay service in its entirety by contacting us at 301.779.8500 or visiting any branch.

View the Courtesy Pay disclosure.

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