LINCONE Federal Credit Union understands that unexpected overdrafts occur from time to time – Courtesy Pay can help.
Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:
|Overdraft Protection link to another deposit account you have at LINCONE Federal Credit Union||$5.00 per fee transfer|
|Overdraft Protection Line of Credit 1, 2||Subject to interest|
|Courtesy Pay||$35.00 Overdraft Fee per item|
Recipients of federal or state benefits payments may choose to pay the outstanding balance and the fee for overdrawing your account by stopping by our office. If you do not wish us to deduct the amount overdrawn and the fee for the overdraft from funds that you deposit or that are deposited into your account, please call us at 402.441.3555.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at LINCONE Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.
Courtesy Pay allows you to overdraw your account up to the disclosed limit for a fee 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.
|Transactions Covered with Courtesy Pay||Standard Coverage (No action required)||Extended Coverage (Your consent required) *|
|ACH - Automatic Debits||X||X|
|Recurring Debit Card Transactions||X||X|
|Online Bill Pay Items||X||X|
|Teller Window Transactions||X||X|
|Everyday Debit Card Transactions||X*|
If you would like to select Extended Coverage for future transactions, call us at (402) 441-3555, visit any branch, download Courtesy Pay brochure, complete a consent form and mail it to us at P.O. Box 30659, Lincoln, NE 68503, or email us at firstname.lastname@example.org.
You can discontinue Courtesy Pay in its entirety by contacting us at (402) 441-3555 or sending us an email at email@example.com.
If you have any questions about Overdraft Protection or Courtesy Pay, please call us at 402.441.3555 or visit a branch.
*If you choose Extended Coverage on your account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Courtesy Pay Extended Coverage, it is not necessary to request it again.