Yes, all members that have a Share Draft Checking Account are automatically set up with overdraft protection from their Primary Savings Account. If the member has an established Line of Credit, the Line of Credit may also be used as an overdraft option. If both a Line of Credit and a Primary Savings Account are set up as overdraft options, the default order is to pay items first from the Line and Credit and then from the Primary Savings Account, however the member has the option to change this order at any time. Regardless of the order, Courtesy Pay is always used last.
The Courtesy Pay feature can be used at the Credit Union’s discretion, according to our overdraft policies which include a maximum dollar limit per member.