Now available to East Idaho Credit Union members is our Courtesy Pay program for Debit Cards.
What is Courtesy Pay?
Courtesy Pay is an overdraft service we offer to pay items presented against your checking account when your account balance is not sufficient to do so. Instead of returning the transaction to the merchant for non-sufficient funds (NSF), we pay it and overdraw your account.
Courtesy Pay covers life's unexpected emergencies and saves you from merchant NSF fees, interruption of services and the embarrassment and inconvenience associated with returned or declined items.
Is there a fee for Courtesy Pay?
There is no cost for Courtesy Pay unless you use it. There is a per item fee each time an item is paid through Courtesy Pay.
What types of transactions are covered by or qualify for Courtesy Pay?
Courtesy Pay covers:
- Debit card transactions
- Checks and other transactions made using your checking account number
- Automatic bill payments
*Courtesy Pay does not cover ATM transactions
Why does EICU provide this service?
We understand you may need to make a transaction that exceeds your balance in your checking account due to unforeseen circumstances or an unexpected emergency. Sometimes people just forget about a purchase they already made or miscalculate their balance. While some financial institutions have decided to not allow anyone to opt-in to Courtesy Pay for everyday debit card transactions, EICU firmly believes in giving our members a choice.
Why should I opt-in to Courtesy Pay for everyday debit card transactions?
There are many reasons why you might want to opt-in to Courtesy Pay for everyday debit card transactions, including:
- Provides Security. In difficult times, your transaction may be approved when you need money to pay for unexpected expenses.
- Increased Convenience. Your purchase is approved when you have insufficient funds in your checking account, rather than denied.
- Eliminates Embarrassment. Avoid the awkwardness of a merchant declining your transaction.
- Nothing to Lose. There is no fee to opt-in and no fee if you never use the service, however all the protection remains.
If I opt-in to Courtesy Pay, will my items always be paid?
We pay overdrafts at our discretion. This means that we will cover all items that come through your account unless otherwise requested by you. However, East Idaho Credit Union reserves the right to cancel the Courtesy Pay program on any accounts that we deem abusive to the program. While we do not allow Courtesy Pay for ATM transactions.
What if I never plan to use Courtesy Pay?
We recommend that you still opt-in to Courtesy Pay for everyday debit card transactions because you never know when an emergency will occur. Courtesy Pay acts as a last line of defense, only after overdraft protection transfer sources have been exhausted. Courtesy Pay offers you peace of mind and it does not cost you anything unless you use it.
13. How do I opt-in to Courtesy Pay for everyday debit card transactions?
Complete and submit the Debit Card Courtesy Pay Opt-In Form.
- Download our Debit Card Courtesy Pay form.
- Fill out form and mail it or drop it off at any of our locations.
