Overdraft Protection Services
What is Overdraft Protection?
Overdraft Protection is a service offered to 1DCU members to cover their overdrafts. An overdraft occurs when you do not have sufficient funds in your checking account to cover a debit card payment, check or ACH payment.
If you’re signed up for Overdraft Protection, we may cover the difference. Without Overdraft Protection, your payment will be declined.
What Types Of Overdraft Protection Are Available?
We offer three forms of overdraft protection to our members:
1. Transfer From A Savings Account
How It Works: When you do not have sufficient available funds in your checking account to cover a transaction, we’ll automatically transfer the necessary funds from the available balance in your savings account.
Cost: FREE
Limit: 6 per month (due to federal regulations)
2. Line Of Credit
How It Works: Pending a credit approval, a line of credit will be linked to your checking account to cover transactions where you would have insufficient funds for a debit card, check or ACH payment (up to your protection limit).
Cost: Interest charges accrue based on the amount owed each month
Limit: Determined individually based on credit approval
3. Courtesy Pay
How It Works: Courtesy Pay is a purely discretionary service available to eligible members in good standing. With Courtesy Pay we may advance funds to cover transactions that exceed your available balance (up to your protection limit).
Cost: $35 non-refundable fee for each item paid
Limit: Determined individually based on your monthly deposits
Please note: the standard overdraft practice that comes with all checking accounts authorizes the credit union to authorize and pay overdrafts for the following types of transactions:
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Checks and other transactions made using your checking account number
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Automatic bill payments
Payment of these items will also result in a non-refundable $35 Courtesy Pay fee for each item paid.
Click the button below to sign up for Courtesy Pay.
Click here to submit your completed opt-in form via email.
Click here to view Courtesy Pay consent letter.
Courtesy Pay FAQs
How do I qualify for Courtesy Pay?
To be eligible for Courtesy Pay, you’ll need to enroll, either in person at a 1DCU branch or through your online banking account.
Enrolling in Courtesy Pay is free; you’ll only be charged when you use it.
Your monthly deposits help determine your Courtesy Pay eligibility. Please speak with a 1DCU team member to find out if you are eligible.
You must also be in “good standing” with 1DCU to qualify.
What determines whether I am in “good standing”?
To be considered in “good standing” you must have:
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Valid mailing address on file
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Minimum balance of $10 in your Share Savings Account
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All loans up to date (no past due loans)
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Members are limited to having only two of the three following products at the same time: MyPay Today, Borrow and Save, and Courtesy Pay.
Youth accounts are not eligible for Courtesy Pay.
What is the maximum amount of overdraft fees that I can incur with Courtesy Pay?
There is no maximum amount that can be charged. Please note that Courtesy Pay fees are nonrefundable.
Limit: Determined individually based on your monthly deposits
What limit do I qualify for?
| Courtesy Pay Limit | Required Direct Deposit |
| $500 | $800+ |
| $250 | $400-799.99 |
Please note: the standard overdraft practice that comes with all checking accounts authorizes the credit union to authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
Payment of these items will also result in a non-refundable $35 Courtesy Pay fee for each item paid. Click the button below to sign up for Courtesy Pay.
Click here to submit your completed opt-in form via email.
Overdraft Protection FAQs
What’s the difference between Available Balance and Actual Balance?
Available Balance is the amount available to spend in your account. Your Actual Balance may include transactions which have not yet posted.
For example, if your Available Balance is $100 and you swipe your card at a store for $35, a hold for that amount is placed on the account and the Available Balance will be reduced to $65. The Actual Balance will remain at $100 because the transaction has not yet posted to your account.
Which balance does 1DCU use when determining overdrafts?
We use Available Balance to determine when an account is overdrawn.
How does 1DCU order/post daily transactions?
Debit card purchases and ATM transactions are posted throughout the business day as they happen.
For ACH transactions, we post credits first, then debits. ACH transactions are posted in morning and afternoon batches, depending on when they are received.
Checks drawn on 1DCU accounts are posted at the end of each business day.
What happens if I attempt to use my debit card at the ATM or a retailer and I do not have sufficient funds and I do not have Overdraft Protection?
The transaction will be declined because the funds are not available.
If I sign up for Courtesy Pay can I cancel it at any time?
Yes! Simply fill out and sign the Opt-Out Form and the protection will be removed.
Click below to download the form:
Click here to submit your completed opt-out form via email.
This web page contains an overview of the Overdraft Protection Services available from 1DCU. For a complete explanation of Overdraft Protection Services and important information concerning your liability for overdrafts, please refer to the “Your Liability for Overdrafts” section of your Account Agreement and Disclosure.