Overdraft Protection
Not enough money to cover a transaction? We’ll take care of it.
You don’t have to worry anymore about unpaid checks or automatic bill payments. With IC Courtesy Pay, IC Courtesy Pay Sweep, or the standard overdraft practices that come with your account, we’ve got you covered.
- No more bounced checks
- Overdraft plans within your budget
- Available for automatic bill payments, checks, and other transactions using your checking account number
- Courtesy Pay Disclosure and Opt-In Form
IC Covers Your Back
Sign Up Today
Contact a Member Services Representative for details on each option at (800) 262-1001.
Contact Us
If you have any questions left
Get in touch with us
IC Credit Union will not authorize and pay overdrafts caused by one-time debit card transactions unless you authorize us to do so.
Courtesy Pay Disclosure and Opt-In Form
We want to ensure that our Members make fully informed decisions about their IC Credit Union accounts. If you have any questions, please contact our Member Service Center at 800-262-1001 on Monday through Wednesday at 8:00 – 5:00, Thursday and Friday at 8:00 – 6:00, or Saturday at 9:00 – 1:00.
When you have an overdraft as a result of a debit card or ATM transaction, we may cover the shortfall and approve the transaction, charging you a fee of $30.00. In order for us to do this, we need your written permission or opt-in before covering ATM and one-time debit transactions when the funds are not available.
We do authorize and pay overdrafts for the following types of transactions:
• Checks and other transactions using your checking account number
• Automatic bill payments
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to:
• ATM transactions
• Everyday debit card transactions
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.
Under our standard overdraft practices the following fees are imposed:
• A fee of $30 will be assessed to your account each time we pay an overdraft when the negative balance created by the overdraft is greater than $30.
• IC Courtesy Pay Overdraft Fees may be assessed on items previously returned due to insufficient funds when those same items are presented and paid.
• The maximum number of paid overdraft fees that we will charge you is limited to four per account, per day.
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, do one of
the following:
• Call our Service Center at: 800-262-1001
• Visit us at any IC branch office
