Overdraft Protection

Courtesy Pay
Courtesy Pay is an additional overdraft protection program available (after the checking account has be open for 60 days) to all Checking Account members. You'll enjoy an added layer of protection that may save you money. With Courtesy Pay, you'll eliminate the worry of returned checks when you overdraw your checking account.

Courtesy Pay automatically covers checks and electronic payments that overdraw your checking account. Each time Courtesy Pay is activated to cover a check or other item, the items are paid instead of returned and your account goes negative. The merchant never knows that you were overdrawn saving you embarrassment and additional fees that may be assessed by the merchant when a check is returned.

If an overdraft occurs, accounts are covered by the following methods, in this order:
1) Automatic transfer from another deposit account
2) DHCU Visa line-of-credit
3) Courtesy Pay

Once Courtesy Pay is activated, the items are paid instead of returned and your account goes negative. It is your responsibility to correct any balance deficiency as quickly as possible - a deposit must be made within 30 days. After that, our normal collection process begins.

Courtesy Pay Limits
$400 Basic Checking
$400 New Horizons Basic Checking
$400 EZ Route Student Checking
$500 New Horizons CheckingAdvantage
$500 CheckingAdvantage
$500 Pick Your Perk Checking
$1500 New Horizons CheckingRewards
$1500 CheckingRewards

Fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any overdraft protection limit disclosed.

What do I need to do?
No additional agreements need to be signed, and it costs nothing unless the Overdraft Courtesy Pay is used causing the account to be negative. You'll pay a $25 Courtesy Pay fee for each item presented and you will receive notification by mail anytime that your Courtesy Pay privileges are activated.

Automatic Transfer Overdraft Protection
If you have money available in your savings, your overdrafts are covered. We'll automatically transfer from the savings account you chose to cover your overdrafts for a $5 transfer fee.

SafeDraft
Write a check for more than you have in your account and SafeDraft automatically charges the overdraft to your VISA.* For just a $5 transfer fee, the amount is covered, eliminating returned checks.Click here to apply for SafeDraft OverDraft Protection.

With DHCU's three SafeDraft OverDraft Protection Programs - you're covered.

Disclosure
Fee Schedule

Overdraft Protection Policy
Overdraft Coverage: In the event you write a check or have an electronic payment or electronic withdraw which results in the checking account being overdrawn, the Credit Union will attempt to honor the transaction via the following:

Automatic Transfer: The Credit Union will automatically transfer funds from the member's savings accounts. Funds will be transferred in the amount of the resulting overdraft, plus a $5 service charge, from any other savings type or any other savings or checking account from which the member is then eligible to withdraw.

VISA Overdraft Protection: For those members who have applied and been approved for VISA SafeDraft Overdraft Protection, the Credit Union will automatically transfer from your VISA credit card account in multiples of $100, as required, up to the line of credit established on your DHCU credit card account, plus a $5 service charge. Transfers will not be made if your credit card account is overlimit or contractually past due. A finance charge will be assessed on the same basis as any other credit card cash advance in accordance with the credit card agreement.

Courtesy Pay Overdraft Protection: An insufficient balance could result in several ways, such as (a) the payment of checks, electronic funds transfer, or other withdrawal requests: (b) payments authorized by you; (c) the return of unpaid items deposited by you; (d) the imposition of credit union service charges; or (e) the deposit of items which, according to the credit union's Funds Availability Policy, are treated as not yet available or finally paid. We are not obligated to pay any item presented for payment if your account does not contain sufficient funds. However, if you maintain your account in good standing, defined as making regular deposits to bring your account to positive balance at least once every 30 days, and there are not legal orders outstanding, we may approve your reasonable overdrafts as a non-contractual courtesy. Normally we will not approve an overdraft for you in excess of your limit plus our overdraft charge. We may refuse to pay an overdraft for you at any time, although we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdraft plus our Insufficient Funds handling fee charge(s) and any daily overdraft fee(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) member on the signature card, each member, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdraft, plus our Insufficient Funds handling fee charge(s). A fee may be imposed for covering overdrafts "created by check, in-person withdrawals, ATM withdrawals, or other electronic means," as applicable. More than one overdraft fee may be charged against the account per day, depending on the number of checks presented and other withdrawals made from, the members account. Click here for a complete listing of fees charged by DHCU Community Credit Union.

Transactions may not process in the order in which they occurred. Checks clear your account largest dollar amount to smallest dollar amount.

Cancellation/Termination: A member can opt out of Courtesy Pay at any time. However, there are cases when it may be cancelled at the credit union's discretion.

Limitations: Available to individually owned checking accounts in good standing for personal or household use. DHCU Community Credit Union reserves the right to limit participation to one account per household and to discontinue this product at any time.

If sufficient funds are NOT in the account and an automatic transfer or VISA transfer is not available or Courtesy Pay is not available, the check will be returned unpaid and an NSF fee will be assessed. Written notice of any action taken will be sent to you at the last known address shown in the Credit Union's records. NSF activity constitutes grounds for closing a checking account.