Payment Protection

At GTE Financial, we understand that unforeseen expenses can occur and sometimes you may not have enough money in your account to cover unexpected costs. Instead of simply denying the charges due to insufficient funds, we offer two payment protection options:

  1. Overdraft Protection

    In the event you have non-sufficient funds in your checking account when a transaction is presented, you can have the funds automatically transferred from your Savings, Special Savings, or Money Market account, or even a Personal Line of Credit.

    To add one of your accounts as overdraft protection:


  2. Courtesy Pay

    Allows you to overdraw your checking account, to a limit, if funds are not available when a transaction posts*. For example, if your car breaks down, and you don’t have enough money in your checking to pay for it, Courtesy Pay may be helpful. Instead of being declined and incurring possible non-sufficient funds fees, you can pay for your needed repairs and be on your way. 

    • If Courtesy Pay is used, GTE will review the cost of the transaction and if approved, in essence will front those costs, up to your approved limit, for a small fee of $35.00 per covered item.

    • The full amount of the overdraft balance is due immediately, or at the latest, within 14 days from the date of the occurrence.

    To have this benefit applied to your ATM/Debit card transactions, you must be opted-in. Every member is automatically enrolled for check/ACH transactions.

*This free program is discretionary and opting-in does not guarantee transactions will be approved if funds are not available. The full amount of the overdraft balance plus related fees will be due immediately, but in no event more than 20 days after the date of the occurrence.