Overdraft Protection

Lake Michigan Credit Union provides overdraft protection via its Courtesy Pay program whereby checking account transactions may be approved over-and-above the available balance for certain types of items: checks, ACH withdrawals, in-branch withdrawals, scheduled bill payments, as well as ATM withdrawals and debit card transactions, per the member’s request.

Courtesy Pay Opt-in

Courtesy Pay for your ATM withdrawals and debit card purchases may not be covered and your transactions will be declined unless you opt-in to this service. To opt-in (or opt-out):

Complete the form below and click submit
Call LMCU Member Services at (800) 242-9790
Visit any branch location
View detailed information about Courtesy Pay Overdraft Protection and Your Account

Please read the following information:

What is an overdraft?
An overdraft occurs when you do not have enough money in your account to cover a transaction. With Overdraft Protection LMCU places funds into your account to cover the overdraft so the bill is paid.

What are the standard overdraft practices that come with my account?
We may 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 by opting in (see form below):
- ATM transactions
- Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if you pay my overdraft?
We will charge you a $30.00 fee for each debit/ATM card overdraft.

What if I want you to authorize and pay overdrafts on my ATM and everyday debit card transactions?
We will not authorize and pay overdrafts on your ATM and everyday debit card transactions unless you ask us to.

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions:

Make your selection below. You may change your overdraft protection designation for your account(s) at any time.

Overdraft Protection *

Opt-In
I authorize Lake Michigan Credit Union to pay overdrafts on my ATM and everyday debit card transactions for the account(s) listed below. I understand that I can revoke this authorization in writing at any time.
Opt-Out
I do not authorize Lake Michigan Credit Union to pay overdrafts on my ATM and everyday debit card transactions for the account(s) listed below.

Account Number(s)

Account 1 *

Account 2

Account 3

Account 4

Account 5

Account 6

Personal Information

First Name *

Last Name *

Address *

City *

State *

Zip *

Email *

Confirm Email *

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