Enhanced Courtesy Pay
In addition to our standard Courtesy Pay services, Finger Lakes Federal Credit Union offers you an additional service with our Enhanced Courtesy Pay. Going beyond the capabilities of our standard Courtesy Pay, Enhanced Courtesy Pay will cover ATM and One-Time Debit Card transactions that would overdraw your account.
How do I opt-in to receive Enhanced Courtesy Pay?
You may authorize us to pay overdrafts of ATM and One-Time Debit Card transactions using our Enhanced Courtesy Pay by signing and returning an Opt-In form to us.
What fees will I be charged if Finger Lakes Federal Credit Union pays my overdraft?
- By utilizing our Enhanced Courtesy Pay service, FLFCU will collect a $32 fee for each item presented that overdraws your Share Draft account.
- There is no limit to the total fees we can collect for the items that are paid using your authorization from the Opt-In form.
- We pay overdrafts to a member’s account in good standing (up to -$532) at our discretion, which means we reserve the right not to pay. For example: excessive overdrafts over a short period of time
Please note that if you DO NOT give us permission by signing the Opt-In form the ATM and One-Time Debit Card transactions that would overdraw your account will be declined and no fees will be charged.
FLFCU’s Enhanced Courtesy Pay service for ATM and One-Time Debit Card transactions will be available to existing members generally within 48 hours of receiving the signed Opt-In form from the member. Enhanced Courtesy Pay service can be cancelled at any time (Opt-Out) by the member without penalty. Simply contact the Credit Union or stop into one of our branch locations to sign an Opt-Out form. FLFCU’s Enhanced Courtesy Pay service has a cumulative negative balance limitation of $532 for eligible members. Negative balances resulting from an Enhanced Courtesy Pay transaction must be repaid within 10 days after the date of the transaction. If any remaining negative balance is not repaid within 10 days, future Courtesy Pay privileges may be denied. Enhanced Courtesy Pay is only available to members whose accounts are in good standing. The primary member must be 18 years of age or older and have been a member for at least 60 days. We reserve the right to terminate this service at any time at our sole discretion. This Credit Union is Federally Insured by the NCUA.