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Courtesy Pay

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Life happens! Merrimack Valley Credit Union (MVCU) and Bridgewater Credit Union, a division of Merrimack Valley Credit Union (BCU), understand that unexpected overdrafts occur from time to time - Overdraft Coverage can help.

Overdraft Coverage Options

The choice is yours. Consider these ways to cover overdrafts:

Service Cost
Overdraft Protection Link to another deposit account you have at Merrimack Valley Credit Union1 $0 fee per transfer; subject to transaction limitations if it is from a savings or money market account
Advance from a Line of Credit you have at Merrimack Valley Credit Union1,2 Subject to interest
Courtesy Pay Standard or Extended $30 Non-Sufficient Funds fee per item presented*.

1Call us at (800) 356-0067, email us here, or come by a branch to sign up or apply for these services; 2Subject to credit approval.

*Per item presented means each time an item is presented, including representment.

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at Merrimack Valley Credit Union for a finance charge. Please note that overdraft lines of credit are subject to credit approval.

Courtesy Pay allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction.  Even if you have Overdraft Protection, Courtesy Pay is still available as secondary coverage if the other protection source is exhausted.  Please review What Else You Should Know for other important information.  

Transactions Covered with the Discretionary Overdraft Privilege

Standard Coverage
(No action required)

Extended Coverage
(Your consent required on consumer accounts)*

Checks X X
ACH- Automatic Debits X X
Recurring Debit Card Payments X X
Online Bill Pay Items X X
Internet Banking Transfers X X
Telephone Banking X X
Teller Window Transactions X X
ATM Withdrawals   X*
Everyday Debit Card Transactions   X*

If you would like to select Extended Coverage for future transactions:

*If you choose Extended Coverage on your consumer account, ATM transactions and everyday debit card transactions will be included wtih the transactions listed under Standard Coverage.  If you already have Courtesy Pay Extended Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.

You can discontinue Courtesy Pay in its entirety by contacting us at (800) 356-0067 or sending us an email here.  

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