Courtesy Pay allows the Credit Union to cover insufficient funds on debit card purchases, point-of-sale (POS) transactions, ATM withdrawals, checks and ACH transactions, up to the approved limit. The charge of this service is $32 per covered overdraft transaction. This means instead of returning a check to the merchant because of insufficient funds, the Credit Union may process your transaction, saving you additional charges from the merchant.
To have the benefit of courtesy pay applied to ATM/debit card transactions, you must opt-in.
Courtesty Pay transactions are paid at the Credit Union's discretion and must be repaid within 45 calendar days.
If a member has multiple accounts with the Credit Union, they may sign up to have funds automatically transferred to cover charges with no fee. Members can choose to use any savings account, money market account or a Knoxville TVA Employees Credit Union Credit Card. If there are not sufficient funds in any of the accounts, the transaction will be declined.
To add an account as overdraft protection: