Courtesy Pay Disclosure

Overdraft fees

We will charge you a fee¹ each time we pay an overdraft. Due to regulatory requirements, we will only pay overdrafts on your ATM and everyday debit card transactions if you ask us. If you do not opt-in via the form below, the transaction will not be paid, and no fee will be imposed. We may continue to pay overdrafts on your checks and automatic bill payments and impose a fee. Overdrafts are paid at our discretion. Payment of an overdraft is not guaranteed. If we do not authorize and pay an overdraft, your transaction will be declined and the item returned unpaid. There is no limit on the total fees we can charge you for overdrawing your account. We can close your account if you have excessive overdrafts. You should ask us if you qualify for a program that may pay your overdrafts for less than the overdraft fee.

What to know

Palisades Credit Union disclaims all liability associated with overdraft protection plans, courtesy pay and any other service that automatically pays overdraft. Members with payments covered by this service will have ten (10) business days following the occurrence to pay the overdrawn balance. If funds are available in other Palisades CU accounts owned by the member, Palisades CU may transfer those funds to the checking account to cover all or part of any negative balance. If any remaining negative balance is not paid within the ten (10) day limit, future Courtesy Pay privileges may be denied and the member may incur legal fees to recover the loss.