Overdraft protection-are you covered?

Wednesday, June 23rd, 2010

Salal CU would like to remind you that the opportunity to opt in for some forms of overdraft protection is approaching. If you have a checking account with us, and you are eligible, you will receive a special stuffer with your monthly statement (or a link, if you receive your statement electronically) giving you information on how to opt in for Courtesy Pay Plus.

Courtesy Pay Plus is an addition to our Courtesy Pay Basic program: Courtesy Pay Basic, which doesn’t require an opt in, is intended to cover checks and ACH transactions when a member’s checking account is a little low. Courtesy Pay Plus extends that coverage to ATM withdrawals and every day debit card transactions. You must opt in for the Courtesy Pay Plus service. Both services have eligibility requirements and charge a $25 fee per transaction when there are insufficient funds in your checking account. Payment is at Salal’s discretion.

If you believe you’re eligible for Courtesy Pay Plus, and you haven’t heard from us by July 15, please call 800-562-5515 for information.

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