Courtesy Overdraft Pay may provide certain accountholders in "good standing" with the ability to overdraw their checking account up to $500. A $20 fee will be assessed for each item that draws your account negative. You then have up to 30 days to bring the account current, either through a direct deposit, transfer of funds, or a deposit over the teller counter.

Account in "good standing", defined as: A) Making regular deposits sufficient to cover transactions; B) Bringing the account to a positive balance at least once every thirty days or less, and; C) There are no legal orders outstanding on your account, we may, at our sole discretion, pay overdrafts up to the limits mentioned above, including our normal Non-Sufficient Funds or Courtesy Overdraft charge(s). Whether we pay or return an item, your account will be assessed a fee, either as a Courtesy Overdraft Pay charge or a Non-Sufficient Funds charge but you will not be charged both fees.

Do I have to apply for this service?
No. No applications or additional signatures or additional agreements need to be signed, and it costs nothing unless the Overdraft Courtesy is used, causing the account to be negative. You will be notified by mail of any checks paid using Courtesy Overdraft Pay and the fee(s) assessed to your account for each item. The current Overdraft Courtesy Fee is $20.00.

Contact the credit union for more information.
We are happy to review our Courtesy Overdraft Pay and its features with you, along with giving you other options to add convenience and ease to your account. Please call us at 402.441.3555 / 888.790.7261 or email us at info@linconefcu.org.