Overdraft Protection
It's no big deal. So there should be no big fee.
When a Pittsburgh friend or family member is running a little short on funds, you lend them a hand. It's just the right thing to do. At Clearview, we have the same helpful attitude toward members who overdraw their checking accounts. Under our protection plans, we strive to pay your items when there are not enough funds in your account to cover the transactions.
Overdraft Protection Transfers
- Allows automatic transfers for no fee from your savings, Money Market, and Member's Choice accounts, or PowerLine and Home Equity Lines of Credit
- Overdraft Protection transfers are made in increments of $100, and are subject to available balance/credit line limits on the account being transferred from
- Call 1-800-926-0003 to verify your current set-ups for overdraft protection, or to set up protection for your account
Courtesy Pay
- Allows qualified members who are at least 18 years old to overdraw their accounts
- There's a $35 fee each time we pay an overdraft, capped at four fees per day
- Courtesy Pay allows us to authorize and pay overdrafts for automatic bill payments, checks, and other transactions made using a checking account number
Extended Courtesy Pay
- Choice of protection programs
- Arrange for automatic transfers
- Avoid check-bouncing fees
Overdraft Protection Transfers allow automatic transfers for no fee from your savings, Money Market, and Member's Choice accounts, or PowerLine and Home Equity Lines of Credit. Overdraft protection can be set up at any time. Please contact us as 1-800-926-0003 to verify your current setup for overdraft protection, or to set up overdraft protection for your account.
Please note that the transfer from a deposit account and/or an advance from a line of credit will process before Courtesy Pay or Extended Courtesy Pay. There is no fee for an Overdraft Protection transfer.
We will also place a hold on your account for any authorized debit card transaction until the transaction settles (usually within two business days) or as permitted by payment system rules. In some cases, the hold may exceed the amount of the transaction. When the hold ends, we will add the funds to the available balance. If your account is overdrawn after such held funds are added to the available balance and the transaction is posted to the available balance, an overdraft fee may be assessed.
Yes. You can choose to protect your checking account with overdraft protection from any of the following accounts:
- Savings account
- Money Market account
- PowerLine Line of Credit
- Home Equity Line of Credit
Please note that the transfer from a deposit account and/or an advance from a line of credit will process before Courtesy Pay or Extended Courtesy Pay. There is no fee for a traditional Overdraft Protection transfer.
Courtesy Pay allows us to authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using a checking account number
- Automatic bill payments
The limit for Courtesy Pay is based on algorithms, or a set of rules, that weigh numerous factors and account holder behaviors including an account holder’s usage patterns or relationship with us to assess an account holder’s ability to repay an overdrawn balance. The maximum limit you may receive is $1,750.
No. The overdraw limit is not part of your balance. Rather, it is simply a threshold the Credit Union may extend to you beyond your available checking balance.
While Clearview will strive to pay transactions that total less than your system-generated Courtesy Pay limit, we may pay or return items at our discretion.
If the amount of an overdraft item would exceed your Courtesy Pay limit, we may not cover that item.
You can opt out of the service at any time by contacting our Care Center at 1-800-926-0003 or visiting a financial center. Please note this request could take up to 24 hours. Without Courtesy Pay, overdrawn items will be returned unpaid and a $35.00 NSF fee will be assessed after funds for overdraft protection (if applicable) have been depleted. You may also be charged additional fees by the merchant/payee.
You may opt in online or by visiting your local Clearview financial center.
Extended Courtesy Pay allows qualified opted in members who are at least 18 years old to overdraw their accounts. There is a $35.00 fee each time we pay an overdraft, capped at four fees per day. You will also receive a $5.00 daily overdraft fee once your checking account has been overdrawn more than 7 days, up to $100.00 per occurrence. Extended Courtesy Pay allows us to authorize and pay overdrafts for the following types of transactions:
- ATM withdrawals
- Everyday debit card transactions (recurring payments are not included)
Yes. If you have more than one checking account, you must choose to opt in to Extended Courtesy Pay separately for each checking account. Covering one account with Extended Courtesy Pay will not cover all of your Clearview checking accounts from overdrafts at ATMs and from everyday debit card transactions. However, each eligible checking account in good standing will be automatically opted in to Courtesy Pay.
We value your relationship with us and in an effort to provide excellent customer service, we strive to pay items presented on your account against insufficient funds. Courtesy Pay and Extended Courtesy Pay, our discretionary overdraft services, are offered in anticipation that you will be making an immediate deposit.
You may opt out of Extended Courtesy Pay at any time. Please call Clearview at 1-800-926-0003, visit a financial center, or email us at [email protected]. If you choose to email us, please remember not to include any confidential information.
Yes. Clearview maintains the right to remove Courtesy Pay privileges from your account at its sole discretion. We are not obligated to honor any item presented for payment if the account does not contain sufficient available funds.
