Lets face it, sometimes things do not go as planned and that can mean not enough funds in your checking account to cover a check temporarily, or a mistake is made in balancing your checking account.  That is why PSCU offers a line of defense against unforeseen events and bookkeeping blunders.  This line of defense is called "Courtesy Payment." 

How It Works:

PrimeSource Credit Union offers this non-contractual courtesy to cover checks and automatic electronic payments that overdraw your checking up to $1000, per checking account, including fees. 

For each check or other item that PrimeSource pays, we charge a $27 transaction fee.

Benefits to you:

• Additional NSF fees that the merchants add are avoided.
• Saved from the embarrassment of bouncing a check.

Eligibility:

Members ages 18 and older, with a checking account that has been open at least 30 days, are eligible for this privilege with the following exceptions:

• anyone who has caused a financial loss (charge off) to the Credit Union;
• anyone with a past due loan or visa payment with PSCU;
• or anyone who is currently enrolled in a debt management program.

Covered accounts:

All checking accounts offered by PrimeSource Credit Union are eligible provided the account owners meet the eligibility requirements listed above.

Courtesy Pay privileges may be extended for the following types of transactions::

• Checks clearing through the Federal Reserve;
• Checks clearing over the teller counter;
• and Automated Clearing House (ACH) payments such as, but not limited to, insurance premiums and mortgage payments

Courtesy Pay privileges cannot be used to cover overdrafts that might result form an automatic transfer between accounts at PSCU or to make automated teller machine (ATM) withdrawals.

Notification of Activation:

PrimeSource Credit Union will notify you by mail any time your Courtesy Payment is activated. If you have a question about your account activity, you may call, stop by, or simply log onto www.primesourcecu.org and view your account activity via online banking.

Other Types of Payment Protection Used First:

If you are currently signed up for overdraft protection from another PSCU deposit account, Courtesy Payment would not be used to pay a draft unless there were insufficient funds available in that deposit account or unless you had already completed more than six electronic transfers without having signatures from that deposit account in the current calendar month. These types of transfers include transfers by telephone, automatic scheduled transfers, and online banking transfers, but do not include ATM or shared branching transfers.

Member Responsibility:

Once your Courtesy Payment had been activated to cover an overdraft, it is your responsibility to correct an overdraft, it is your responsibility to correct any balance deficiency as quickly as possible. PrimeSource Credit Union expects you to make a deposit covering your overdrafts and fees within 30 days. After that time, our normal collection process begins.

Courtesy Payment can be taken away at any time PrimeSource determines that the account is no longer in good standing (such as, but not limited to, difficulty in collecting a negative account or no deposit made within 30 days to bring account back to a positive balance.) PrimeSource Credit Union is not obligated to honor any future overdrafts, even if they had previously been paid by Courtesy Payment.

We trust you'll agree that it's important to promptly meet your financial obligations, to preserve your good standing with PrimeSource, and to prevent any collection activity.

Joint Owner Liability:

If PSCU pays an overdraft on an account with more than one owner on the signature card, each owner (or agent of the owner) is jointly and severally liable for payment of the overdrawn amount plus any Courtesy Pay fees.

Social Security Payments:

Members receiving direct deposit of their monthly Social Security payment into their checking account who do not want Courtesy Pay eligibility must advise PSCU, in writing, to stop paying overdrafts with these funds. Generally, this will require the member to opt out of the Courtesy Pay program.

No Sign Up Necessary

You don't need to sign up. PrimeSource Credit Union automatically provides this service to our valued members. If for some reason you decide you would rather not have courtesy Payment privileges, please let us know by contacting us at 509-838-6157, 800-660-0444, or primesourcecu.org.

Other Overdraft Protection Options

Savings Account Transfer Option

This is when funds will transfer from a savings or money market account to cover your overdrafts for a minimal fee.

Loan Transfer

Transfers can be made from your PrimeSource Home Equity Line of Credit or PrimeSource Visa Card. 

Call for more details on any of our overdraft protection services: 509-838-6157 or 800-660-0444.