We are pleased to provide you a new overdraft privilege. This service, which we call Courtesy Pay™, has been added to your share draft checking account in accordance with our Discretionary Overdraft Disclosure.
Now, if your account is accidentally overdrawn for any reason, including debit signature based transactions, we may be able to cover your overdrafts. Courtesy Pay can save you the embarrassment and inconvenience of a returned check as well as the additional fees and penalties
normally charged by others for checks returned to them unpaid. If you have an overdraft line of credit, Courtesy Pay offers extra protection if you exhaust your available credit.
When a transaction is presented to us for payment that exceeds your account balance and any available overdraft line of credit or share account previously set-up, it will be assessed the Non-Sufficient Funds (NSF) fee then in effect, currently $25, for handling each item paid. This is the same fee that would result for checks drawn against non-sufficient funds that are returned to the payee. You renew your overdraft privilege by making a deposit to your share draft checking account to cover funds advanced plus any related fees.
Courtesy Pay is offered as an additional benefit of your Hannaford Associates FCU checking account and is not a line of credit and should not be used for that purpose. If needed, we do offer an overdraft line of credit, which is more cost effective. Please contact our loan department for more details, 1.800.852.1012 press 4.
For more details about this new benefit, please be sure to read our Discretionary Overdraft Disclosure, or contact the credit union, 1.800.852.1012 ext 112.
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