Sometimes life can throw off your plans. A bill clears early, a deposit runs late, or an unexpected expense comes up before payday. Courtesy Pay can help eligible Tongass FCU members avoid the hassle of a declined transaction when there is not enough money in their account.
An overdraft happens when you do not have enough money in your account to cover a transaction, but we pay it anyway. With Courtesy Pay, we’ll cover eligible overdrafts up to $1,000, with a $10 fee for each transaction we pay.
There is no fee to keep Courtesy Pay on your account, and there is no fee if you never use it. It is designed for occasional, unexpected situations — not as a regular way to cover everyday spending.
How Courtesy Pay Can Help
Courtesy Pay may be available for:
- Checks
- Transactions made using your checking account number
- Recurring automatic bill payments authorized with your debit card
ATM transactions and everyday debit card transactions are not included unless you ask us to add them by opting in.
Courtesy Pay or Overdraft Protection?
Courtesy Pay may help with certain overdrafts on eligible checking accounts. If you do not have enough money in your account, we may pay the transaction anyway, up to the Courtesy Pay limit.
Overdraft Protection is different. It lets you connect your checking account to another Tongass FCU account, such as savings. If there is not enough money in checking, available funds may transfer from the connected account. This may be less expensive than Courtesy Pay.
Not sure which option is right for you? Ask us. We can help you understand both options.
How to Opt In
You can opt in to Courtesy Pay for ATM and everyday debit card transactions through online banking or by contacting us.
Complete and submit the Courtesy Pay opt-in form in Tongass FCU online banking, email the completed form to info@tongassfcu.com, or return it to any Tongass FCU location.
Questions? Call us at (907) 225-9063, email info@tongassfcu.com, or stop by your local branch or microsite!
What You Need To Know
Courtesy Pay is discretionary. That means Tongass FCU decides whether to pay an overdraft based on your account status and other factors. We do not guarantee that we will always pay an overdraft, even if we have paid one for you before. If we do not pay an overdraft, your transaction will be declined.
To use Courtesy Pay, you must be a Tongass FCU member in good standing for at least 30 days for consumer checking accounts or 60 days for business checking accounts.
A $10 fee applies for every transaction paid using Courtesy Pay. Courtesy Pay fees are limited to $100 per day. Fees are included in your total negative balance.
If Courtesy Pay is used, we will let you know. You must bring your account balance back to positive within 30 days to avoid collection activity and keep access to Courtesy Pay. Once repaid, your account must stay positive for at least 24 hours.
For full details, please review our Courtesy Pay Policy, Discretionary Policy and the Membership and Account Agreement.