We make avoiding overdraft fees a breeze.
Compare Courtesy Pay, debit coverage, and savings backup to find overdraft protection that’s right for you.
You can never be overprepared for overdraft fees.
Gas. Groceries. Last-minute posterboards. You pay for enough: don’t let overdraft fees tack on another price tag. Plan ahead by protecting your account in case of overdrafts.
Courtesy Pay
We’ll temporarily cover certain transactions to keep your payments from failing.
Debit Coverage
If you opt in, we’ll temporarily cover ATM and everyday debit card transactions, too.
Savings Backup
Let us know if you’d rather automatically pull from your savings to cover a negative balance.
All about overdraft protection
We’ve got answers to your frequently asked questions about overdrafts, fees, and avoiding both.
An overdraft occurs when you make a payment that exceeds the total balance you have in your account. Without overdraft protection, that payment would be cancelled, which could cause a lot of trouble if you’re paying for a bill or essential purchase.
Overdraft protection prevents this, so that your payment can go through even if you don’t have enough money in your account.
Courtesy Pay helps prevent ACH transactions, checks, and recurring bill payments from overdrafting your account. If your payment exceeds your balance, we will temporarily cover the difference to ensure that your payment still goes through. If we pay for an overdraft through Courtesy Pay, we will charge a $30 fee. Eligible accounts are automatically enrolled in Courtesy Pay 30 days after they’re opened. Learn more about Courtesy Pay here.
Debit coverage works the same as Courtesy Pay, but it applies to ATM and everyday debit card transactions. However, you must opt in to receive debit coverage.
Savings Backup helps you avoid overdrafts and overdraft fees altogether by transferring available funds from your savings account in $100 increments to cover the difference, should a payment exceed your account balance. To set up Savings Backup, call (800) 242-9790 or visit an LMCU branch near you.
Eligible accounts in good standing are automatically enrolled in Courtesy Pay 30 days after they’re opened.
Debit coverage requires a manual opt-in.
To set up Savings Backup, call (800) 242-9790 or visit an LMCU branch near you.
Yes, it can help to set up multiple forms of overdraft protection, so that even if, for example, your savings account doesn’t have enough funds to cover an overdraft, Courtesy Pay can still protect you.
If you’d like to learn more about how Courtesy Pay works, what payments it covers, and whether it’s a good fit for your account, please visit our Courtesy Pay page.
Set up debit card and ATM Courtesy Pay coverage
If you’d like to set up Courtesy Pay for your ATM and debit card transactions, please give us a call to opt-in.
Need help choosing?
If you’re not sure which overdraft protection option fits your needs, we’re here to help. Learn more about Courtesy Pay or connect with an approachable LMCU expert to get some free advice.
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