With Courtesy Pay service, instead of returning a check to the merchant or other payee, the credit union may pay your check, saving you embarrassment and additional charges from a merchant or a collection company. When using the service, Interra will charge a Courtesy Pay fee for each item, and send you a notice each time an overdraft occurs.
There is no additional cost associated with this privilege unless you use it. However, you should keep in mind that you will be charged a Courtesy Pay fee of $32.00 per item, up to a maximum of five items per day, that would have created an overdraft on your account. Please note that all fees are included as part of your maximum Courtesy Pay limit. As an additional courtesy, we will only assess the Courtesy Pay fee if the paid item draws your account more than $5 negative.
You must bring your account to a positive balance at least once within every 30 days (meaning your balance must remain positive after all account activity is posted for that business day). If you are unable to do so, you will receive a letter from Interra informing you of the situation and your options. If, after 30 days, your account has not been brought to a positive balance, Interra will suspend your Courtesy Pay privilege and take other steps to receive the funds.
You may waive the service by contacting Interra. Your waiver of the Courtesy Pay service may result in returned and/or declined items if there are not sufficient funds to cover them.
If your account falls below zero Interra will first try to automatically transfer funds from your other deposit accounts. If you do not have funds in your deposit accounts to cover the expense, Interra will then access your checking line of credit, if you have one. If that doesn’t work you will then be assessed a $32 Courtesy Pay fee.