Privilege Pay Overdraft Service Opt In/Out

Privilege Pay is an overdraft service offered to all qualifying members who have an approved checking account.

What does Privilege Pay do?

Privilege pay will authorize and pay overdrafts, up to your approved tier, when the funds are not available in your account. The credit union has a standard overdraft tier amount of $250.00. This is provided with your checking account. This amount can increase automatically depending on your length of membership and/or account balances. Our tier increments are $250.00, $500.00, $1000.00, and $1500.00.

The following transactions will be covered:

1. Checks and ACH/electronic payments made using your checking account number

2. Automatic bill payments

3. ATM/debit card purchases

What fees will be charged if Privilege Pay is used?

1. We will charge you a fee of $30.00 each time we pay an overdraft listed above

2. Daily maximum fee limit $125.00

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined and/or your check/ACH will be returned. You will also be charged a $30.00 return/overdrawn fee.

The credit union reserves the right to revoke Privilege Pay at any time without prior notification and to deny the payment of any transactions. Should the account remain overdrawn beyond thirty days, Privilege Pay will be suspended.