Have you ever forgotten to record a check or debit card entry in your check register? Forgot to make that deposit or remembered too late? At Baptist Regional Medical Federal Credit Union we encourage you to manage your finances responsibly. However, we want to save you the embarrassment of having an item returned due to insufficient funds. For those times when you are left with too little cash in your checking account, or you’ve made an error in your checkbook, the Credit Union is offering a new service call Courtesy Pay. This new service allows the Credit Union to automatically post items to your share draft/ checking account (“account”) even when there are insufficient funds in the account to cover the item. We want to save you the expense and humiliation of additional merchant fees or possible damage to your credit history that might result if an item is returned NSF. It’s a solution for the simple oversights that sometimes occur in your busy lifestyle.

What Is Courtesy Pay?
Courtesy Pay is overdraft protection privilege that requires no action on your part and there are no forms to sign. As long as you maintain your account in good standing, defined as making regular deposits and bringing your account to a positive balance at least once every 30 days, we may honor overdrafts up to your Courtesy Pay limit on your account. As in the past, we will notify you by mail when an overdraft occurs.

How Does It Work?
If funds are not available in your account to pay an item, we will attempt to clear the item by using any overdraft protections you have set up before Courtesy Pay is utilized:

1. Share/Savings account;
2. Line of credit; and
3. Courtesy Pay.

In any event, funds are taken from Courtesy Pay last. Once Courtesy Pay covers the overdraft, your account will reflect a negative balance.

Who Is Eligible?
In order to qualify for Courtesy Pay, you must:

• be at least 18 years of age;
• have no accounts with a current or prior derogatory history;
• have a share draft/checking account with a positive balance;
• be no more than 30 days past due on any Credit Union loan;
• have payroll deductions or direct deposits;
• have a share draft/checking account opened for at least 3 months; and
• have made a minimum of $100 in total deposits in the previous month into their share draft/checking account

What Is My Courtesy Pay Limit?
All members who qualify will be granted a Courtesy Pay overdraft limit of 50% of their prior month total deposits into their share draft/checking account up to $500 maximum. This limit would only be used if all other sources of overdraft protection were exhausted, i.e., from savings or from an existing line of credit.

What Does Courtesy Pay Cost?
There is no additional cost associated with Courtesy Pay unless you use it.You will be charged $30 for each item paid when you access Courtesy Pay overdraft protection. This fee is identical to the $30 NSF we currently impose now. The only difference is that a member with Courtesy Pay may have their item paid instead of returned.

How Quickly Must I Repay My Courtesy Pay?
All negative balance amounts must be immediately paid to the Credit Union upon demand. If you fail to pay any negative balance amounts upon demand, the Credit Union may immediately terminate Courtesy Pay service and/or close your account without notice to you. You will be liable for any negative balance amounts until all such amounts are paid in full to the Credit Union.

Notwithstanding anything else in this document to the contrary, the Credit Union has no duty to pay any item or other transaction which could otherwise be rejected and returned unpaid due to insufficient funds or uncollected balance and may reject any such item or transaction in the Credit Union’s sole discretion without notice to you.

If you do not want Courtesy Pay service, please contact us by phone at (850) 444-7030/(800) 447-7032 or write to Baptist Regional Medical Federal Credit Union, 905 West Moreno Street, Pensacola, Florida 32501. Until you notify us you do not want Courtesy Pay service, Courtesy Pay will be activated on your account and subject to the above terms and conditions.