Overdraft Protection

"Everyone makes mistakes. I'd prefer not to pay a high price for a simple math miscalculation."
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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 make sure your transaction is covered, your payments are honored, and that you don't face astronomical returned-check fees.

Overdraft Protection
  • Allows automatic transfers from your savings, Money Market, and Members Choice accounts, or PowerLine and Home Equity Lines of Credit accounts
  • $5 fee per transfer
  • Maximum of six automatic transfers per month per account
  • 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 is a $35 fee each time we pay an overdraft, capped at four fees per day
  • You will also receive a $5 daily overdraft fee once your checking account has been overdrawn more than seven days, up to $100 per occurrence
  • Courtesy Pay allows us to authorize and pay overdrafts for automatic bill payments and checks and other transactions made using a checking account number

Extended Courtesy Pay
  • Enjoy all the benefits of Courtesy Pay
  • You can also authorize and pay overdrafts on ATM and everyday debit card transactions
  • You must opt in to Extended Courtesy Pay. You may do so online or by visiting a Clearview location
What's included
  • Choice of protection programs
  • Arrange for automatic transfers
  • Avoid check-bouncing fees
Still have questions about Overdraft Protection?
Checks and other transactions made using a checking account number 
Automatic bill payments.
 
We have two options to cover your overdrafts: 

Overdraft Protection Plans allow automatic transfers from your Saving(s), Money Market, and Members Choice accounts, PowerLine and Home Equity Lines of Credit accounts for a fee of $5.00 per transfer*, which may be less expensive than our standard overdraft practices. Overdraft protection can be set up at any time.  Please contact us as 1-800-926-0003 to verify your current set ups 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. A $5.00 fee per Overdraft Protection transfer will apply. A maximum of 6 electronic transactions can be done from a savings account over the period of one month. Once the transfer limit is exhausted, the overdraft protection transfer will not occur.
 
For added protection you can authorize and pay overdrafts on your ATM and everyday debit card transactions; to do so, you must opt in to Extended Courtesy Pay. 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)
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.
 
Yes. You can choose to protect your Checking Account with Overdraft Protection from any of the following accounts:

Regular share account
Member’s Choice 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. A $5.00 fee per Overdraft Protection transfer will apply. A maximum of 6 electronic transactions can be done from a share account over the period of one month. Once the transfer limit is exhausted, the Overdraft Protection transfer will not occur.
 
Good standing is defined as:

Has a qualifying deposit to the eligible checking account within the prior month
Brings the account to a positive balance at least once every 30 days or less
Has not caused the Credit Union a loss
Has no delinquent obligations with the Credit Union
Has no legal orders, garnishments, executions, or levies including bankruptcy notices
Has not engaged in suspicious or abusive activity
Maintains the required par value in their regular savings account
The limit for Courtesy Pay is up to $1,000 based on the aggregate total of deposits made to the eligible checking account during the previous month. The limit does not change if you are opted into Extended Courtesy Pay.
No. The overdraw limit is not part of your balance. Rather, it is simply a threshold the Credit Union will extend to you beyond your available checking balance.
 
You must bring your account to a positive balance at least one every 30 days or less.
If you have our Elite Rewards card, you can use your points to have any fee refunded. Please call us at 1-800-926-0003 or visit a financial center for additional information.
You may opt out of Extended Courtesy Pay at any time. Please call Clearview at 1-800-926-0003, visit a branch, or email us at cards@clearviewfcu.org. If you choose to email us, please remember not to include any confidential information.
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.
Items are returned NSF when the overdrawn balance is more than your available Courtesy Pay amount.
We authorize and pay transactions using the available balance in your account. The available balance is the ledger balance (collected funds) minus any holds. As such the available balance does not include any deposited funds on hold. We may place a hold on deposited funds in accordance with our Funds Availability Policy. If the funds in the available balance are not sufficient to cover a transaction, any available overdraft protection and/or Courtesy Pay may be used to authorize and pay a transaction.

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.
No. You cannot use Courtesy Pay to make any loan payments or to bring another account to a positive balance.
You can opt out of the service at any time by contacting our Care Center at 1-800-926-0003 or visiting a branch. 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 to Courtesy Pay by calling our Care Center Representatives at 1-800-926-0003 or visiting a branch.
Yes. Clearview maintains the right to remove Courtesy Pay privileges from your account if it is no longer in good standing. We are not obligated to honor any overdraft coverage once your account is not in good standing.

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“Clearview takes the time to understand the customer at a human level instead of as numbers on a paper.” William, Member since 2016
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