An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in these ways:
At our discretion, we can authorize to pay overdrafts on your checking account for the following types of transactions:
We will not authorize and pay overdrafts using Courtesy Pay for the following types of transactions unless you ask us to by electing “Yes” on the form below:
You must “opt-in” for us to consider approving these types of transactions; otherwise, your transaction will be declined. Courtesy Pay overdrafts are authorized and paid at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
Under our Courtesy Pay overdraft practices:
If you want us to consider authorizing and paying overdrafts on ATM and everyday debit card transactions, you must complete the form below and present it to our office or mail it back to us at FAMU Federal Credit Union, 1610 South Monroe Street, Tallahassee, Florida 32301.
Certain eligibility requirements apply. If Courtesy Pay is approved, enrollment begins the 1st business day following the month of approval. Only one checking account per member is eligible for Courtesy Pay.