Courtesy Pay

An insufficient fund check that is returned or a debit card purchase attempt that is declined can be embarrassing, frustrating and in the case of checks, can result in fees from the merchant or retailer.

Morton Lane Federal Credit Union understands that many people need an occasional safety net to avoid this type of situation, which is why we offer Courtesy Pay.

What is Courtesy Pay?

Courtesy Pay is a non-contractual overdraft protection service that we offer to our members with eligible share draft (checking) accounts. As long as you maintain your account in good standing, we may cover insufficient fund items up to your approved limit of $450. We will charge our normal NSF fee of $21 and send you a notice each time an overdraft occurs. You are required to bring your account to positive balance within 30 days.

How Does Courtesy Pay Work?

Overdrafts on your checking account, up to a limit of $450 may be honored by Morton Lane Federal Credit Union. Our standard NSF fee of $21 will be assessed for each item that draws your account negative. You must then bring your account back to a positive status as soon as possible, either through a direct deposit, transfer of funds or a deposit at one of our full-service ATMs or one of our many branch offices.

What If I Already Have Overdraft Protection?

If you already have overdraft protection such as a line of credit, we will attempt to pay the overdraft with the alternate method prior to paying with Courtesy Pay.

What Transactions Are Covered By Courtesy Pay?

Courtesy Pay is automatically added to your account for checks, automatic bill payments and other debit transactions using your account number, such as a gym membership, electric bill, etc. You can remove this service at any time by contacting us.

How can I have overdraft coverage for ATM withdrawals and Debit Card Purchases?

Simply complete this form to add overdraft coverage for your ATM withdrawals and everyday debit card purchases. There are no applications or credit approvals necessary. You can revoke this service at any time by contacting us.

Courtesy Pay Consent Form. | Courtesy Pay Policy