Overdraft Services

Back up the checks you write with your own funds. You can choose up to five Overdraft Protection accounts, and you designate the order in which the accounts are used. If you write a check that lacks sufficient funding, these sources kick in to cover the difference. Funds will be automatically transferred from the designated accounts. Funds may be withdrawn in $100 increments from your line of credit or Visa^® account.

• Membership Savings or Club Savings Accounts
• High Yield Money Market account
• Visa^® Rewards Credit Card
   

To designate your Overdraft Protection accounts, simply stop by one of our branch offices or call our Teleservices Representatives during regular office hours.

Courtesy Pay is an overdraft service automatically extended to members 18 or older, business accounts and trust accounts in good standing** to cover shortfalls on written checks, electronic transfers from a checking account and recurring debit card transactions. Members may also opt-in to Courtesy Pay Plus to cover ATM and every day debit card transactions. Courtesy Pay Plus is automatically extended to business and trust accounts that qualify. With Courtesy Pay, a transaction will be honored even if it brings a checking account to a negative balance not to exceed the assigned Courtesy Pay limit.

Courtesy Pay carries a $19.95 fee* for each paid item greater than $5.00. All covered overdrafts are subject to your Courtesy Pay limit.** Courtesy Pay is not available on personal savings accounts and Basic Checking accounts.

How Courtesy Pay works:

We authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number (example: ACH payments)
• Automatic bill payments and recurring pre-authorized debits

We do not authorize and pay overdrafts for the following types of transactions unless you opt-in to Courtesy Pay Plus (see 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.

Courtesy Pay limits will range from $0 to $1,500 based on monthly deposits, average daily balance, and length of membership. Because these factors may change over time, limits will be reset on a monthly basis, and your Courtesy Pay limit may increase or decrease.

Your Courtesy Pay limit may be reduced to $0 or revoked if you are no longer a member in good standing or when the eligibility criteria are no longer met. Absence of Courtesy Pay could result in a NSF (Non-Sufficient Funds) fee and/or the transaction being returned unpaid to the merchant which may result in a fee from the merchant.

Courtesy Pay limits are calculated as follows: 

Add the scores for total monthly deposits, average daily balance and length of membership together to calculate the total Courtesy Pay limit score. Based on that score, Courtesy Pay limits would be as follows:

• Score between 0 and 99 = Courtesy Pay limit of $0
• Score between 100 and 250 = Courtesy Pay limit of $300
• Score between 251 and 548 = Courtesy Pay limit of $500
• Score between 549 and 1049 = Courtesy Pay limit of $1,000
• Score between 1050 and 1249 = Courtesy Pay limit of $1,250
• Score of 1250 or greater = Courtesy Pay limit of $1,500

Example calculation:

• You deposited a total of $2,412 in April = score of 400
• Your average daily balance (available on your monthly account statement) in April was $1,835 = score of 300
• You opened your first accounts at 7 17 a little over two years or 731+ days ago = score of 150
• 400 + 300 + 150 = total score of 850
• Result = Courtesy Pay Limit of $1,000

You may opt-out of Courtesy Pay at any time. To opt-out:

1. Online: Visit the secure Online Courtesy Pay Opt-Out site if you no longer want 7 17 Credit Union to authorize and pay overdrafts from written checks, electronic transfer from a checking account and recurring debit card transactions. 

2. Phone: Call one of our TeleServices representatives during regular business hours to let us know if you would like to opt-out of Courtesy Pay.

3. Mail: Download the Courtesy Pay/Courtesy Pay Plus opt-in/opt-out PDF form, print and mail your completed form to:

7 17 Credit Union, Inc.
ATTN: Compliance/CPP
3181 Larchmont Ave, NE
Warren, OH 44483-2498

4. In person: Stop by any branch office during regular office hours to sign the necessary form.

Please refer to the Membership and Share Account Agreement and Disclosure for more information about overdrafts and Courtesy Pay. You may locate a copy on our website, by visiting one of our branch locations or by calling our Compliance Department at 330-372-8094 to request a copy.

Courtesy Pay Plus, an extension of Courtesy Pay, covers ATM withdrawals from your checking account and point-of-sale (POS) transactions using your debit card. Members 18 or older in good standing can opt-in to use Courtesy Pay Plus. Unless you opt-in, federal law prohibits your POS debit card and ATM transactions from being covered by our Courtesy Pay Plus service. Business and trust accounts are automatically extended Courtesy Pay Plus and do not need to opt-in.

You may also opt-out of our Courtesy Pay Plus service at any time.

Courtesy Pay Plus carries a $19.95 fee for each paid item greater than $5.00. If you do not opt-in to Courtesy Pay Plus, you will not be charged a fee for overdrafts on ATM and debit card transactions. However, your transactions will be declined, and you will need to find other means to complete those transactions.

How to opt-in or opt-out of Courtesy Pay Plus coverage on your ATM and debit card transactions:

1. Online: Visit the secure Online Courtesy Pay Plus Opt-In site if you want 7 17 Credit Union to authorize and pay overdrafts on your ATM and everyday debit card transactions.

Visit the secure Online Courtesy Pay Plus Opt-Out site only if you previously opted in but now you do not want 7 17 Credit Union to authorize and pay overdrafts on your ATM and everyday debit card transactions.

2. Phone: Call one of our TeleServices representatives during regular business hours to let us know if you would like to opt-in to Courtesy Pay Plus, or if you would like to opt-out of the service if already enrolled.

3. Mail: Download the Courtesy Pay Plus opt-in/opt-out PDF form, print and mail your completed form to:

7 17 Credit Union
ATTN: Compliance/CPP
3181 Larchmont Ave, NE
Warren, OH 44483-2498

4. In person: Stop by any branch office during regular office hours to sign the necessary form.

Your request may take up to two business days to become active. After we process your opt-in request for Courtesy Pay Plus coverage on your ATM and everyday debit card transactions, you will receive a confirmation notice.