Courtesy Pay Terms

What you need to know about overdrafts and overdraft fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but Southland Credit Union pays it anyway. We can cover your overdrafts in two different ways:

  1. Courtesy Pay Program is additional coverage over and above your elected overdraft protection plans.
  2. Overdraft protection plans, such as a transfer from your overdraft line of credit or savings account. 

What is Courtesy Pay?

Courtesy Pay enables Southland to authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We will not authorize and pay overdrafts for the following types of transactions unless you ask us to:

  • ATM transactions
  • Everyday debit card transactions
  • Online bill payments made with Southland ePay

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay ATM/Debit card transactions. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Southland Credit Union pays my overdraft?

Under our Courtesy Pay Program practices, we charge a fee of up to $30 each time we pay an overdraft.

What if I want to cancel Courtesy Pay on overdrafts with my ATM/Debit card?

If you no longer want Southland to pay overdrafts on ATM/Debit card transactions, please contact us.