Overdraft Protection &
Courtesy Pay
Overdraft Protection
Your SSSCU Regular Savings account, or a personal line of credit, may be used to provide overdraft protection for your SSSCU Checking Account. So you'll have the extra security of knowing your checks will be honored when life's little emergencies occur. Your limit of protection extends to the balance of your deposit account, and/or the maximum amount of credit available. Apply for overdraft protection today! (Repeated excess transfers may cause the loss of overdraft privileges.)
Courtesy Pay
Courtesy Pay is a service that adds a measure of protection to your checking account. Courtesy Pay may cover your insufficient funds items, up to your approved limit, for one low fee per covered overdraft transaction. That means, instead of returning an item to the merchant because of insufficient funds, the Credit Union may pay your item, saving you additional charges from the merchant collection companies. It saves you the embarrassment an inadvertent overdraft can cause. It also helps protect your credit rating. When honored by SSSCU, the Courtesy Pay fee is $29 for each item that draws your account negative.
If you have established other overdraft protection methods, such as automatic transfer from savings, or from a line of credit, we will pay any overdraft by those other methods first before paying your overdraft using Courtesy Pay and imposing a $29 fee for each overdraft we pay.
