Overdraft Protection

Overdraft Protection

Overdraft Protection Options

    We offer four easy ways to avoid overdraft transactions when there is not enough money in your account to cover a transaction.

    Account Overdraft Protection Options (Fees may apply):

    1. Overdraft Protection Plan - link your checking account to another eligible Affinity account (i.e., savings, money manager) when you’ve exceeded your account balance. 
    2. Standard Courtesy Pay – a discretionary service that can come with your account.
    3. Debit Card Courtesy Pay- a discretionary service that will be made available only if you affirmatively choose to opt in/ participate.
    4. Line of Credit - May be established for the purpose of covering overdrafts if applied for and approved.

     

    Categories of Courtesy Pay Transactions:

    Courtesy Pay is a discretionary service of paying overdrafts. There are two categories of Courtesy Pay.

    1. Standard Courtesy Pay1 is used for paying incoming checks, ACH transactions, automatic bill payments and recurring debit card transactions.
    2. Debit Card Courtesy Pay2 is used for paying every day debit card transactions and ATM transactions

    To learn more about account overdraft protection options call us at 800.325.0808 or stop by a branch.

    All loans are subject to credit review and approval. You may opt out and learn more about account overdraft protection options by contacting 800.325.0808 or visiting a branch.  Overdrafts are paid at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction even if you have opted in to Debit Card Courtesy Pay.

    1. Standard Courtesy Pay –  A discretionary service that allows Affinity to pay certain transactions presented against a qualified checking account even if they cause the account to become overdrawn. Authorizes Affinity to pay overdrafts for the following types of transactions: checks and other transactions made using your checking account number, automatic bill payments, and recurring debit card transactions. We will charge you a fee of $33 each time we pay an overdraft. There is no additional cost associated with this service unless you use it. Time for repayment - We reserve the right to require you to pay an overdraft immediately. You are responsible to pay any negative balance in your account, and should make every attempt to bring your account to a positive balance within 30 days. If, after a period of time, your account has not been brought to a positive balance, we may suspend your account and take other steps to recover the funds, including collection and/or legal action. There is no limit on the total fees we can charge you for overdrawing your account. Circumstances under which we would not pay - The circumstances under which we would not pay an item or debit that would overdraw your account are entirely at our discretion, and we reserve the right not to pay. For example, we typically wouldn’t pay if your account is not in good standing, or you are not depositing regularly, or you have too many overdrafts.  The fact that we pay one or more items creating overdrafts does not obligate us to do so in the future.

    2. Debit Card Courtesy Pay  A discretionary service, which you must affirmatively consent to by opting in, that allows Affinity to pay certain transactions presented against a qualified checking account even if they cause the account to become overdrawn. Authorizes Affinity to pay overdrafts for the following types of transactions: ATM transactions and Everyday debit card transactions. We will charge you a fee of $29 each time we pay an overdraft except for debit card courtesy pay transaction amounts of less than $5.  Then no fee is charged. There is no additional cost associated with this service unless you use it. Time for repayment - We reserve the right to require you to pay an overdraft immediately. You are responsible to pay any negative balance in your account, and should make every attempt to bring your account to a positive balance within 30 days. If, after a period of time, your account has not been brought to a positive balance, we may suspend your account and take other steps to recover the funds, including collection and/or legal action. There is no limit on the total fees we can charge you for overdrawing your account. Circumstances under which we would not pay - The circumstances under which we would not pay an item or debit that would overdraw your account are entirely at our discretion, and we reserve the right not to pay. For example, we typically wouldn’t pay if your account is not in good standing, or you are not depositing regularly, or you have too many overdrafts.  The fact that we pay one or more items creating overdrafts does not obligate us to do so in the future.